
Budget balances books - at a price
The Government has delivered a budget that will bring its books back into surplus by 2014/15 and the price will be paid by the public service, parents, and KiwiSavers.
The Government has delivered a budget that will bring its books back into surplus by 2014/15 and the price will be paid by the public service, parents, and KiwiSavers.
Focus of concern is instead the amount the country as a whole is borrowing.
They've given up even trying to grow the economy
Government looks for $5b to $7b from sell-downs and smaller holding in Air NZ.
"Our estimates suggest this is the most aggressive period of fiscal repair since at least 1972," is one of the reactions....
New Zealanders can expect stronger wage growth and more jobs in the next few years, according to Treasury forecasts outlined by Prime Minister John Key today.
How long, cold and dark a shadow will be cast by the big build-up of household debt over the past decade?
KiwiSaver had become one of our loved institutions in a short period of time. We believed it would be there in future. We believed it made financial sense for ourselves and the country.
More details of KiwiSaver cuts will be announced in the budget, but John Key says the $1000 kick start for new accounts will remain.
The gap in New Zealand's capital markets needs addressing urgently, writes Franceska Banga.
The New Zealand government ran an operating deficit of $10.16 billion in the nine months ended March 31, almost 15pc worse than forecast. The government faces a potential credit rating downgrade from Standard and Poor's unless it can...
The Crown fielded a number of proposals to recapitalise South Canterbury Finance (SCF) or buy it before and as it collapsed but most involved some form of Crown support, according to documents released today.