07 Aug 2025
1 year ago
1646 views
Finance Minister Nicola Willis highlights Treasury's report on the dangers of excessive government spending, emphasizing the challenges of using large spending measures in response to one-off shocks like the Covid-19 pandemic. The report criticizes the fiscal response to Covid, pointing out significant errors made and urging policymakers to avoid repeating those mistakes. It emphasizes the importance of restoring fiscal guardrails promptly after increased spending during crises, praising the current Government's commitment to responsible fiscal and economic management.
06 Aug 2025
1 year ago
1647 views
Finance Minister Nicola Willis has acknowledged the latest labour market data, revealing a lower-than-expected unemployment rate of 5.2% for the June quarter, below the Treasury's forecast of 5.4%. Despite challenges like inflation and rising interest rates, the government's efforts have led to 8,000 fewer unemployed individuals than initially projected, with a focus on economic recovery and job creation through initiatives like government-funded construction projects and investment incentives. Additionally, there has been a notable increase in average hourly earnings by 4.5% in the past year, surpassing the inflation rate of 2.7%.
28 Jul 2025
1 year ago
3198 views
Farmer confidence in New Zealand has reached an eight-year high, indicating the resilience of the sector and progress towards doubling export value. The shift in sentiment is evident from the latest Federated Farmers Confidence Survey, showing a significant increase in confidence levels. This positive trend is attributed to the hard work of rural New Zealanders and government support, with key improvements in profitability, productivity, and mental health reported.
24 Jul 2025
1 year ago
1989 views
The Government is revoking 2023 regulations mandating removable batteries in vaping devices to address a court challenge by Mason Corporation Limited. Cabinet decided this action would resolve the case, allowing withdrawal of proceedings related to regulations introduced by the previous Labour government. The change will be implemented on September 1, eliminating the requirement for removable batteries in vaping devices, with no anticipated adverse effects on smoking or vaping rates due to prior legislation banning disposable vapes popular among youth.
23 Jul 2025
1 year ago
2954 views
Dr Shane Reti, Pacific Peoples Minister, attended the Pacific Islands Forum Economic Ministers Meeting in Suva, Fiji, reaffirming New Zealand's commitment to Pacific-led priorities and announcing new support for climate resilience and public health initiatives. The Forum focused on strengthening regional ties, addressing economic development, banking access, and labor mobility challenges. Dr Reti launched Fiji's NZ$3.2 million participation in the Pacific Climate-Smart Agriculture and Sustainable Land Management Partnership to develop climate-resilient crops and sustainable farming practices, and announced NZ$4 million in support of Fiji's response to its national HIV outbreak to reduce transmission and fight stigma.