IMF endorses New Zealand policy direction 8 Jun 2012
- RBNZ to replace 90-day bank bill projection for track of OCR Business
- WorkSafe to visit trampoline parks Living
- $4m for new classrooms in Waikato schools News
- Touches of Brilliance From Yamaha Stars Living
- Dream Debut for New Kawasaki Team Living
- Island Titles Meetings Produce New Crop of Class Winners Living
- Wynyard calls in administrators after giving up on $10M loan Business
- NZ dollar retreats at signs of stronger US economy Business
- Angel backers favour follow-on investment over new money Business
- Former Racehorse Comes Good to Take Opening World Cup Round Living
The International Monetary Fund’s 2012 staff report on New Zealand confirms its support for the Government’s economic plan and particularly its focus on getting back to surplus and increasing national saving, Finance Minister Bill English says.
“The IMF endorses our approach to getting back to surplus and the rationale behind it,” he says.
“It notes that our deficit reduction path strikes a balance between the need to contain both public and private debt increases, while limiting any adverse impact on economic growth during the recovery.
“It also notes that getting back to fiscal surplus in 2014/15 should put New Zealand in a better position to deal with future shocks and take pressure off monetary policy and the exchange rate.”
In its staff report on New Zealand, issued today, the IMF shares the Government’s view that risks to the global economy could impact on New Zealand.
It also notes that New Zealand remains exposed through its high external liabilities.
“We are making progress and, compared to a lot of other countries, New Zealand is in reasonably good shape,” Mr English says.
“But it’s important that we remain focused on becoming more competitive and productive, and giving businesses the confidence to invest and grow, because that is how we will create more jobs and higher incomes.
“This cannot happen through fast-rising government spending and debt, as it has in the past.”
(New Zealand Government)
23 Oct 2016 News
New Zealand Government Hon Simon Bridges Minister of Energy and Resources 23 October 2016 Media Statement Bridges to attend... more
12 Oct 2016 News
New Zealand Government Hon Anne TolleyMinister for Social Development 12 October 2016 $4.2 million Community Finance boost to... more
18 Oct 2016 Business News
Article - BusinessDesk Tuesday 18 October 2016 11:00 AM NZ inflation slows to 0.2% pace in third quarter, beating estimates, as... more
18 Oct 2016 Lifestyle
818 Entertainment KIWIS GET FIRST PEEK AT THE ALL NEW BLONDINI GANG WITH RELEASE OF OFFICIAL PORK PIE TRAILER more
12 Oct 2016 Lifestyle
NZSO 12 October 2016 - NZSO media release for immediate release NZSO welcomes Dutch piano virtuoso Ronald Brautigam to NZ The NZSO... more
12 Oct 2016 Property
Article - BusinessDesk Wednesday 12 October 2016 08:19 AM Auckland development blowouts reminiscent of run up to GFC: KPMG's ... more
3 Aug 2016 Property
Wednesday 03 August 2016 10:30 AM Auckland house prices are stabilising, may have plateaued, Barfoot says Aug. 3 (BusinessDesk) -... more
21 Oct 2016 Migration
Article - BusinessDesk Friday 21 October 2016 11:23 AM NZ migration, tourism hits new highs in September, driven by record... more
11 Oct 2016 Migration
Article - BusinessDesk Tuesday 11 October 2016 03:13 PM UPDATE: Immigration policy tweaks capture senior executive migrants (Recasts ... more
12 Oct 2016 Travel & Tourism
Article - BusinessDesk Wednesday 12 October 2016 05:25 PM Air NZ sells remaining stake in Virgin Australia Oct. 12 (BusinessDesk) -... more
12 Oct 2016 NZ Tourism
12 October 2016 International visitor guest nights have risen by more than 13 per cent, and eleven of our twelve... more
24 Oct 2016 Rugby
The Black Ferns have continued their trans-Tasman superiority, crushing the Wallaroos 67-3 at Eden Park. In a dominant display the... more
24 Oct 2016 Rugby
New Zealand’s rugby community is mourning the loss of former All Black Wally Argus, who passed away this week in... more
18 Oct 2016 Opinion
Column - Gordon Campbell Gordon Campbell on plastic bag activism, and street harassment
11 Oct 2016 Opinion
Gordon Campbell on how the political centre is a mirage First published on Werewolf more
21 Oct 2016 Appointments
New Zealand GovernmentHon Steven Joyce Minister for Tertiary Education, Skills and Employment 21 October 2016 Appointments to... more
19 Oct 2016 Recruitment
Article - BusinessDesk Wednesday 19 October 2016 09:09 AM AWF Madison buys Absolute IT for $15.3mn, expanding further into white... more