Finance
Govt banking on fintech pilot programme to boost competition
Commerce and Consumer Affairs Minister, Andrew Bayly says a new bespoke pilot programme for financial technology companies will help boost competition for Kiwi consumers...
New Analytical Note on trends in income inequality
The Treasury has published a new Analytical Note by Fergus Cleveland and Meghan Stephens, Exploring trends in income inequality in New Zealand (2007 - 2023).
The...
‘Big banks on notice’ warns Finance Minister
Finance Minister, Nicola Willis says the Government is pushing ahead with moves to increase banking competition by boosting Kiwibank and taking steps to ensure...
Auckland Future Fund confirms billion-dollar airport shares sale
The Auckland Future Fund has confirmed the sale of Auckland Council’s remaining shares in Auckland International Airport Limited (AIAL).
The sale, which was planned as...
50-point cash rate drop welcomed
The latest drop in the official cash rate will mean more relief for Kiwis’ backpockets, Finance Minister, Nicola Willis said today.
The 50-point drop in...
Auditor-General reports on Government spending
The Auditor-General has released his report on the Observations from our central government work in 2023/24.
The report describes the results of an audit of the...
Downside risks ahead for Treasury forecasts
The latest evidence points to a likely further downgrade to the Treasury’s economic and fiscal forecasts, Treasury’s Chief Economic Adviser, Dominick Stephens, told the...
Quarterly Investment Report released
The Government has released its second Quarterly Investment Report (QIR) which it says shows substantial work still to be done by agencies to improve investment...
New paper on fiscal incidence and income inequality by age
The Treasury has published a new Analytical Note by Tod Wright and Hien Nguyen, Fiscal incidence and income inequality by age: Results for New Zealand...
New tax programme aims to simplify and rebuild
Rebuilding the economy and improving fiscal sustainability is the key focus of the Government’s new Tax and Social Policy Work Programme for Inland Revenue,...
Auckland Council savings clocking up
Auckland Council says it has achieved nearly 50% of its projected annual savings, as it works toward its $66 million savings target.
For 2024/2025, the...
Compensation scheme levies to be risk-based
The levies that banks, building societies, credit unions and finance companies pay to the new Depositor Compensation Scheme (DCS) fund will reflect the size...
Financial result reinforces importance of growth says Minister
The Government’s financial results for the first three months of the year are weaker than forecast and reinforce the need to drive growth and...
New rules to speed up Govt agency payments for small business
New requirements for Government agencies to pay their invoices faster and adopt labour-saving technology are a key part of a national plan to rebuild...
Change ahead for on-sold home programme
Associate Finance Minister, David Seymour, has asked the Natural Hazards Commission (NHC) to make changes to how it delivers the On-sold support package to...
