Wellington Chamber of Commerce tagged posts

NZ Government to Cut Spending Further

April 24, 2010 New Zealand Finance

Somare visitThe New Zealand Government has announced that it will be cutting its spending by NZD 1.8 billion in the upcoming budget.

On March 22nd at a speech given at the Wellington Chamber of Commerce, Bill English, New Zealand Finance Minister, revealed that a further NZD 1.8 billion worth of public spending will be cut by the Government, in an effort to eradicate “lower quality government spending” and improve the national fiscal situation. The new cuts are slated to be executed in addition to the NZD 2 billion of spending decreases announced earlier.

The spending reductions are scheduled to occur throughout a four year time period and coincide with the introduction of a new Government-spending limit...

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