Articles tagged with Nicola Willis
Showing 15 of 125 articles
New Social Investment Fund Targets At-Risk Children for Positive Impact
25 Aug 2025 | 1 year ago | 1304 viewsThe Social Investment Fund, recently launched by Social Investment Minister Nicola Willis, targets children facing challenging family or school situations, such as those with incarcerated parents or who have been suspended from school before age 13. By investing in these priority groups, the fund aims to improve outcomes for individuals and communities, based on data showing early intervention can lead to better long-term results and cost savings for the government. With a budget of $190 million over four years, the Fund emphasizes evidence-based approaches and transparent impact measurement, empowering organizations to make targeted investments that work.
Tags: Social service providers opportunity change lives Social Investment Fund Nicola Willis children parents schooling situations data evidenceNew Social Investment Fund Targets Vulnerable Children for Positive Impact
25 Aug 2025 | 1 year ago | 1399 viewsThe Social Investment Fund, recently launched by Social Investment Minister Nicola Willis, targets children facing challenging family or educational circumstances, including those with parents in jail or who have been in the care system. Data-driven evidence supports early intervention for these children to improve outcomes and reduce long-term government costs. The Fund, with a budget of $190 million over four years, aims to invest in effective strategies, empower community organizations, and measure the impact of interventions transparently.
Tags: Social Investment Fund Nicola Willis children parents school data evidence outcomes government support communitiesNew Capital Settings Proposals Aim to Boost Competition in New Zealand Banking Sector
24 Aug 2025 | 1 year ago | 1398 viewsFinance Minister Nicola Willis supports the Reserve Bank's consultation on reviewing capital settings for banks and deposit takers to address concerns about impacts on competition, lending costs, and economic growth. The Minister's Financial Policy Remit emphasized the need to balance financial stability with competition, prompting the Bank to consider changes like aligning capital requirements with risk and adjusting overall capital ratio requirements to lower lending rates. The proposed changes aim to benefit smaller players in the market, reduce barriers for new entrants, and create a more competitive environment in the New Zealand banking sector.
Tags: Finance Minister Nicola Willis consultation Reserve Bank capital settings banking industry lending New Zealanders competition efficiencyGovernment Initiatives to Boost Banking Competition Unveiled by Finance Minister Nicola Willis
21 Aug 2025 | 1 year ago | 1283 viewsFinance Minister Nicola Willis has welcomed the release of the Finance and Expenditure Committee (FEC) Inquiry into banking competition, focusing on business, rural banking, and lending to Māori entities. The inquiry supports the Government's efforts to enhance competition in the banking sector for better services for Kiwis. The report, based on submissions from 148 stakeholders and public hearings, will be reviewed by the Government for proposed action items by November 2025.
Tags: Finance Minister Nicola Willis FEC Inquiry banking competition Government Commerce Commission Kiwis Kiwibank Reserve Bank financial stabilityHow Falling Interest Rates Benefit Growth, Businesses, Jobs, and Kiwis: Finance Minister's Insights
20 Aug 2025 | 1 year ago | 1288 viewsFinance Minister Nicola Willis highlights the benefits of falling interest rates, including support for growth, businesses, job creation, and mortgage holders. The Reserve Bank has reduced the Official Cash Rate (OCR) from 3.25 to 3 percent, with further decreases expected. Lower interest rates stimulate economic activity, reduce mortgage repayments, and are seen as a positive response to economic challenges, signaling improving conditions and effective economic management by the government.
Tags: interest rates growth businesses jobs Kiwis mortgages Finance Minister Nicola Willis Reserve Bank Official Cash RateFinance Minister Applauds Fitch Ratings for Preserving New Zealand's Strong Credit Rating Amid Borrowing Challenges
18 Aug 2025 | 1 year ago | 1209 viewsFinance Minister Nicola Willis is pleased with Fitch Ratings affirming New Zealand's AA+ credit rating, attributing it to the government's prudent financial management. Fitch acknowledges New Zealand's strong commitment to fiscal consolidation and warns that a deviation from this path could impact creditworthiness. Willis emphasizes the importance of maintaining fiscal responsibility to avoid a credit downgrade, which would raise government debt costs and potentially affect households and businesses.
Tags: Finance Minister Nicola Willis Fitch Ratings New Zealand credit rating borrowing public finances fiscal consolidation debt GDPKiwiRail & Hyundai Mipo Dockyard Settle Project iReX Dispute for $144M
14 Aug 2025 | 1 year ago | 1372 viewsKiwiRail and Hyundai Mipo Dockyard have settled on a $144 million payment to cover costs incurred from the cancelled Project iReX ferries, with KiwiRail emphasizing the decision was not a reflection on Hyundai. The settlement frees up more funding for other Government projects, debunking claims that canceling the contract would cost taxpayers the full $551 million contract value. The settlement marks the end of mismanagement by the previous government, which failed to consider necessary port infrastructure, resulting in a near quadrupling of project costs before its cancellation in December 2023.
Tags: KiwiRail Hyundai Mipo Dockyard Mr Peters RNZ The Post Tangi Utikere Nicola Willis Ferry Holdings Picton WellingtonTreasury Report: Pitfalls of Excessive Government Spending Exposed
07 Aug 2025 | 1 year ago | 1460 viewsFinance 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.
Tags: Treasury report government spending Finance Minister Nicola Willis fiscal policy economic shocks Labour government fiscal responseFinance Minister Nicola Willis Reacts to Lower Than Forecast Unemployment Rates
05 Aug 2025 | 1 year ago | 1476 viewsFinance 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%.
Tags: labour market unemployment Finance Minister Nicola Willis Stats NZ Treasury forecast economic management inflation interest rates job creationTransforming New Zealand: Progress and Achievements Recap
02 Aug 2025 | 1 year ago | 2039 viewsThe speaker expresses gratitude to various individuals for their contributions to the National Party, highlighting achievements in law and order, education, healthcare, and the economy over the past two years. They emphasize the progress made in reducing violent crime, improving education, and enhancing healthcare services. The speaker also outlines plans to further stimulate economic growth, create jobs, and increase wages by streamlining processes for businesses operating on DOC land and implementing charges for foreign visitors at high volume sites to generate revenue for conservation efforts.
Tags: Christchurch Sylvia Wood Nicola Willis Chris Bishop Paul Goldsmith Mark Mitchell Erica Simeon Brown Ryan Hamilton Tama PotakaKiwibank Empowered to Challenge Big Four Aussie Banks with $500M Capital Boost
29 Jul 2025 | 1 year ago | 1740 viewsKiwibank has been authorized to enhance its competition with the dominant Australian-owned banks in New Zealand's banking sector by raising up to $500 million in capital for growth. This move is aimed at enabling Kiwibank to better compete with the big four Australian banks while preserving its New Zealand identity. The government has approved measures to ensure Kiwibank's New Zealand identity, including maintaining majority government ownership and requiring key operational aspects to remain in New Zealand.
Tags: Kiwibank Nicola Willis Finance Minister Commerce Commission New Zealand Kiwi Group Capital Māori institutions New Zealand KiwiSaver funds stock marketPrime Minister and Finance Minister Unveil Plans to Boost Economy, Jobs, and Income for Kiwis
28 Jul 2025 | 1 year ago | 1667 viewsThe Government, led by Prime Minister Christopher Luxon and Minister of Finance Nicola Willis, is prioritizing economic growth to create jobs, raise incomes, and assist New Zealanders with the cost of living. Initiatives such as scrapping surcharges, tax relief, and the introduction of FamilyBoost aim to alleviate financial burdens for families. By focusing on key areas like talent development, competitive business settings, global trade, innovation, and infrastructure, the Government aims to boost wages by growing the economy in the long term.
Tags: Government economy jobs Kiwis Prime Minister Christopher Luxon Minister of Finance Nicola Willis tax relief FamilyBoost inflationFinance Minister Nicola Willis: Inflation Under Control as Govt Focuses on Economic Growth
21 Jul 2025 | 1 year ago | 1846 viewsNew data released by Stats NZ today shows inflation at 2.7 per cent for the 12 months to the June 2025 quarter, remaining within the Reserve Bank's target range, according to Finance Minister Nicola Willis. This marks the fourth consecutive quarter of inflation being within the target range, contrasting with previous higher rates under the previous government. Local authority rates and payments were noted as the largest contributor to annual inflation, prompting the government to call for better management to keep rates under control and ensure economic growth for job creation and public services funding.
Tags: inflation Finance Minister Nicola Willis Stats NZ Consumers Price Index Reserve Bank New Zealanders council rates local authority rates economic growth New ZealandGovernment-Funded Infrastructure Projects Worth $6 Billion Set to Boost Economy and Create Jobs Nationwide
19 Jul 2025 | 1 year ago | 1866 viewsBillions of dollars in government-funded infrastructure projects are set to begin in the next few months, creating thousands of jobs and driving economic activity nationwide. The projects include new roads, hospitals, schools, and government buildings, aimed at improving infrastructure quality to boost the economy and help with the cost of living. The Infrastructure for Growth work program has delivered on actions to strengthen the infrastructure pipeline, with future projects totaling $207 billion planned across various sectors.
Tags: Nicola Willis Chris Bishop infrastructure projects economic activity jobs roads hospitals schools construction government buildingsNew Zealand’s Stable Economy: Government’s Fiscal Management Keeps Official Cash Rate Low
09 Jul 2025 | 1 year ago | 2109 viewsThe Government’s responsible fiscal management has supported the Reserve Bank to keep the Official Cash Rate low, Finance Minister Nicola Willis says. The Reserve Bank of New Zealand today announced it would keep the Official Cash Rate (OCR) at 3. 25 per cent while continuing to foreshadow further reductions in the OCR.
Tags: Government fiscal management Reserve Bank Official Cash Rate Finance Minister Nicola Willis New Zealand OCR interest rates economic management