Over the course of the year the government’s financial situation has improved, and the national deficit has been slashed in half. On October 10th the Treasury of New Zealand released the Financial Statements of the Government of New Zealand for the Year Ended 30 June 2012, showing that he government has slashed the budget deficit in half [...]

Over the course of the year the government's financial situation has improved, and the national deficit has been slashed in half. On October 10th the Treasury of New Zealand released the Financial Statements of the Government of New Zealand for the Year Ended 30 June 2012, showing that he government has slashed the budget deficit in half during the time period. Over the course of the year the government saw overall revenues of NZD 84 billion, and spent approximately NZD 93 billion, leading to a ... Read More

Despite the recent reduction in the forecast for the New Zealand budget, John Key has repeated the government’s goal of reaching a surplus within the next three years. Following a meeting of the Cabinet on April 30th, the Prime Minister John Key confirmed that the government would stick to its goal of achieving a budgetary [...]

Despite the recent reduction in the forecast for the New Zealand budget, John Key has repeated the government's goal of reaching a surplus within the next three years. Following a meeting of the Cabinet on April 30th, the Prime Minister John Key confirmed that the government would stick to its goal of achieving a budgetary surplus by the end of the 2014 fiscal year. The Prime Minister's words come only days after the Finance Minister Bill English announced that the projection for ... Read More

New Zealand’s new government budget has been revealed, showcasing a series of changes aimed at shoring the country’s economic position into the future, through several cost cutting measures and a lack of any new public spending. The New Zealand government released its 2011 budgetary plan on May 19th, revealing several changes to the country’s economic [...]

New Zealand’s new government budget has been revealed, showcasing a series of changes aimed at shoring the country’s economic position into the future, through several cost cutting measures and a lack of any new public spending. The New Zealand government released its 2011 budgetary plan on May 19th, revealing several changes to the country’s economic policies and new forecasts for the country. The release outlined the government’s primary goals of reducing spending, shrinking public debt, increasing national savings levels, and supporting the goal ... Read More

A recently released survey indicates that New Zealand landlords are planning to raise residential property rental rates, as a result of tax changes introduced in the 2010 national Budget. On May 25th the New Zealand Business Council for Sustainable Development released the results of their post-Budget announcement survey. Among other findings, the results revealed that [...]

A recently released survey indicates that New Zealand landlords are planning to raise residential property rental rates, as a result of tax changes introduced in the 2010 national Budget. On May 25th the New Zealand Business Council for Sustainable Development released the results of their post-Budget announcement survey. Among other findings, the results revealed that 47 percent of surveyed landlords intend to raise rents to compensate for any loss of profit from new taxation changes. Only 13 percent of landlords were undecided on ... Read More