20 Jul 2025
1 year ago
2016 views
Billions 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.
09 Jul 2025
1 year ago
2316 views
The 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.
07 Jul 2025
1 year ago
2100 views
Tens of thousands of households will be better off thanks to changes being made to FamilyBoost to help families with the cost of living, Finance Minister Nicola Willis says. “From the start of this month, families will get larger FamilyBoost rebates on the early childhood education fees they pay, with rebates increasing from 25 per cent to 40 per cent of weekly fees, and those with household incomes of up to $229,000 now eligible to apply. “This means for example that a family with early childhood fees of $100 a week could have their weekly FamilyBoost payment increased from $25 a week to $40 a week, meaning their annual payments would increase from $1,300 to $2,080 over the course of a year, making them hundreds of dollars better off.
01 Jul 2025
1 year ago
2367 views
Former Acting Governor Grant Spencer has been appointed to the Reserve Bank of New Zealand Board, Finance Minister Nicola Willis has announced. Board member Byron Pepper has been reappointed. Both are on five-year terms, beginning today.
26 Jun 2025
1 year ago
2419 views
Economic Growth Minister Nicola Willis has written to the major supermarkets to restate the basic expectation that they take all steps needed to comply with the Fair Trading Act and ensure Kiwi shoppers are not subjected to misleading price claims. “Supermarkets have statutory obligations under the Fair Trading Act to ensure that pricing information is accurate and does not mislead consumers. “I am disappointed that I have to spell out to some of New Zealand’s biggest and most sophisticated retail operators - Foodstuffs North Island, Foodstuffs South Island, and Woolworths - that they should have in place processes to prevent inaccurate pricing, institute and publicise refund policies, and train staff to ensure that when errors are reported, fixes occur system-wide.
23 Jun 2025
1 year ago
3711 views
The Government is attracting new migrants to bring their capital, experience and skills to New Zealand with a flood of formal interest in the new 'golden’ visa. Since only April – less than three months – Immigration New Zealand (INZ) has received 189 applications for the Active Investor Plus visa, significantly more than the 116 applications received over more than two-and-a-half years under previous settings, Economic Growth Minister Nicola Willis says. “New applications under the scheme represent a potential $845 million of new investment in New Zealand business.
19 Jun 2025
1 year ago
2831 views
Today’s surprise economic result is great news for workers, families and businesses, Finance Minister Nicola Willis said today. “Stats NZ reported today that the economy grew 0. 8 per cent in the first three months of the year, twice the rate forecast by the Treasury and the Reserve Bank a short time ago.