IMF endorses New Zealand policy direction 8 Jun 2012
- Expanded powers for DOC rangers under new bill News
- Strongest Ever Field Assembled for 2016 Asb Classic Living
- Foss welcomes $25 million boost for visiting driver safety News
- IRD eyes hybrid instruments, related party debt Business
- RESEND: Kiwi business philanthropy small on cash Business
- 3K to Work launched across New Zealand News
- Extra $12m for two Auckland schools to address roll growth News
- nsurance policy and behaviour to be publicly scrutinised News
- Mondiale Aces will keep the same squad that beat Firebirds Living
- NZ ratifies UN Convention Against Corruption News
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)
22 Nov 2015 News
New Zealand Government Rt Hon John Key Prime Minister 22 November 2015 PM welcomes closer partnership with ASEAN Prime ... more
20 Nov 2015 Business News
Nov. 20 (BusinessDesk) - Tower, the general insurer, says it will report an annual loss next week after raising its provisioning for... more
17 Nov 2015 Business News
Article - BusinessDesk NZ inflation expectations drift further below 2% mid-point Nov. 17 (BusinessDesk) - Longer term ... more
20 Nov 2015 Lifestyle
New Zealand’s recreation industry recognised 10 inspiring individuals and organisations at the New Zealand Recreation ... more
4 Nov 2015 Property
Auckland house price growth moderates in October as new rules introduced Nov. 4 (BusinessDesk) - Auckland house price growth... more
12 Oct 2015 Migration
Those looking for a sense of security when immigrating to New Zealand or Australia, need look no futher than the first inusrance... more
21 Sep 2015 Migration
NZ's annual net migration reaches record 60,300 in August on Indian, Chinese students By Jonathan Underhill Sept. 21... more
29 Oct 2015 Travel & Tourism
Internal Affairs says Australia's cloud passports only "conceptual" for now Oct. 29 (BusinessDesk) - The Department of... more
22 Oct 2015 Travel & Tourism
Auckland Airport a 'conductor' for New Zealand tourism, CEO Littlewood says Oct. 22 (BusinessDesk) - Auckland International... more
19 Nov 2015 Sport
New Zealand Rugby Union Richie McCaw retires from rugby Richie McCaw has today confirmed he is hanging up his boot... more
20 Nov 2015 Opinion
Gordon Campbell on why Islamic State’s growing weakness makes it more dangerous One of the great things about writing online... more
20 Nov 2015 Appointments
Article - BusinessDesk Cavalier promotes CFO Paul Alston to top job By Paul McBeth Nov. 20 (BusinessDesk) - Cavalier Corp, the... more
4 Nov 2015 Recruitment
Article - BusinessDesk UPDATE: NZ employment falls in third quarter, adding to case for further RBNZ rate cut (Recasts to... more