NZ economic forecast “deteriorating”

Written By: - Date published: 9:18 am, January 23rd, 2013 - 51 comments
Categories: economy, national - Tags: ,

Another day, another report on the ongoing failure of the global economy – “Stagnation until 2017 tipped for world’s economies“. Despite the massive bail-out from government / tax payers, our current systems (designed to enrich the 1%) are not delivering. Perhaps it’s time for a new paradigm, a more equitable distribution of wealth, and a recognition that we have to work within environmental constraints instead of trampling all over them. Yeah I know – never going to happen.

Anyway, buried in the fine print of the above linked article are some interesting snippets on NZ as assessed by “international credit reporting agency Dun and Bradstreet (D&B)”:

New Zealand has not been downgraded since March 2011, and emerged from 2012 with a D&B rating of low risk, arising from a small degree of uncertainty associated with expected returns and a strengthened banking sector.

In a global context we are “low risk”, thanks to the good position that the last Labour government left us. But…

D&B said that despite New Zealand’s relative safety, its overall risk profile was classified as “deteriorating” owing to a decline in some export prices and a rise in the unemployment rate to a 13-year high of 7.3 per cent late last year.

Downgraded in March 2011 and currently deteriorating. Good work National.

51 comments on “NZ economic forecast “deteriorating” ”

  • Comments are now closed

  1. PlanetOrphan 1
    23 January 2013 at 9:29 am

    Must be time to sell our “World Class Education Payroll System” 😈

  2. muzza 2
    23 January 2013 at 11:00 am

    Not sure why people are still under the belief that the last Labour govt left us in a *good position*, which is yet another myth – Sure, compared to where the figures are at now it looks, good, but lets not sit around talking up, what is not true!

    So the question becomes – How will the major problems facing NZ, be addressed by any potential future govt? (I’m not talking about electoral campaign lies, or spin)

    IMO, the major issues (or the minor issues) will not be addressed, by any party, and NZ is past the point of no return (collective failing). We do not have the active participation that will force the change, there are too many who believe the current political system can provide the solutions, it can’t!

    • Lanthanide 2.1
      23 January 2013 at 12:07 pm

      “Not sure why people are still under the belief that the last Labour govt left us in a *good position*, which is yet another myth – Sure, compared to where the figures are at now it looks, good, but lets not sit around talking up, what is not true!”

      Erm, Labour got us to a net 0 debt position (there was still some gross debt on the books). That same position has allowed the current National government to borrow up to 30% of our annual GDP by 2014. If Labour had not gotten us to such a low debt position, we wouldn’t have been able to borrow as cheaply as we had, and the economy would likely be in a worse position (and/or the government would have been forced to make (even more) unpopular decisions than they have).

    • Enough is Enough 2.2
      23 January 2013 at 12:35 pm

      Have to agree with Muzza that Labour didn’t address the fundamental problems in the economy when they had the chance.

      Labour was able to leave the books in good shape because they were flooded with tax dollars on the back of Kiwis going on a debt fuelled spending binge. As government debt shrunk, personal debt balooned. It was a debt swap. Nothing more, nothing less.

      There was no fundamental restructure of the economy which would have rebalanced the economy and ‘closed the gaps’.

      Yep they did many good things and were infinitly better than this corrupt mob, but I think history will tell us that they missed the opportunity to create a truly equitable society.

      • muzza 2.2.1
        23 January 2013 at 12:58 pm

        Quite!

        Debt is Debt, regardless of which level it is incurred, individual/company/district/city/country, the interest flows back out from the country (alongside the profits), largely to the same coffers, and the consequences to society, will turn negative, always!

        The only thing the last Labour Govt did for the economy, was allow the explosion of private debt which kept control the national debt, which has allowed the current govt crooks to ratchet up the national debt to dangerous levels.

        So no, Labour did not manage the economy well, no matter which argument/articles/evidence people can dredge up, it can be easily shot to pieces by Labours, failing to control the inflows of *easy credit*!

      • tc 2.2.2
        23 January 2013 at 1:16 pm

        “There was no fundamental restructure of the economy which would have rebalanced the economy and ‘closed the gaps’ ”

        Agree and way to timid with compulsory savings, getting a CGT, a proper competition framework (not rebstock’s rubber stamping monopoly ploys), same for the NZX and the Finance industry, carbon tax etc

        HOWEVER most of this required NZFirst/United Future/Ohairyone/anderton etc to agree and therein lies the issue, all well and good to blame Clark etc but unlike the NACT they didn’t have the votes behind the facade of another party like ACT/MP/UF does for the Nat’s as they were bought off to join the plunder.

        • Enough is Enough 2.2.2.1
          23 January 2013 at 2:33 pm

          I am not sure whether I follow you TC. Which policy of Labour’s between 1999 and 2008, which would have had the effect of restructuring the neo-liberal economy, was defeated by their coalition parties?

      • burt 2.2.3
        23 January 2013 at 7:30 pm

        As government debt shrunk, personal debt balooned. It was a debt swap. Nothing more, nothing less.

        Exactly… and the biggest impact was on low-middle earners – like always the policies of envy end up hurting the ones they are supposed to help – happens every time – but myopic partisans simply choose not to believe it.

        • Colonial Viper 2.2.3.1
          23 January 2013 at 7:50 pm

          How is the property owning upper middle class loading up on property speculation debt anything to do with helping low-middle earners?

          Get a grip and make some sense next time, Mon Partisan.

    • Molly 2.3
      23 January 2013 at 4:29 pm

      Link to government debt as a % of GDP. Easy to follow through from Labour led govt in 1999 to the change of government in 2008. Reserve Bank http://www.rbnz.govt.nz/statistics/extfin/e3/download.html

      … perhaps reinforces the idea about “good position”….

      And, yes, this does only refer to financial position.

    • burt 2.4
      23 January 2013 at 7:28 pm

      Not sure why people are still under the belief that the last Labour govt left us in a *good position*

      Because Labour in their usual telling fat porkies fashion said so….

      Socialism is great till you run out of other peoples money and that is what happened in 2007 before the global financial crisis… but don’t expect anything but rose coloured glasses from the followers of a flag colour.

      • fatty 2.4.1
        24 January 2013 at 6:02 pm

        Socialism is great till you run out of other peoples money and that is what happened in 2007 before the global financial crisis
 but don’t expect anything but rose coloured glasses from the followers of a flag colour.

        Good point…but you clearly mean capitalism, not socialism

      • geoff 2.4.2
        24 January 2013 at 6:07 pm

        Capitalism is great till you‘ve bled everyone dry and there’s no one left to flog your shit too

        FTFY

    • Daveosaurus 2.5
      24 January 2013 at 5:53 pm

      Keep on saying that, Muzza, and some of the easily led amongst us might even start believing it.

      Meanwhile, back in the real world…

  3. Colonial Viper 3
    23 January 2013 at 11:08 am

    In an era of irreversible global energy and resource depletion we are going to see MSM touted economic recovery time frames pushed out again and again and again.

    This year it will be growth (or budget surplus) returns in 2015/2016. Next year it will be growth returns in 2016/2017. The year after that, it will be growth returns in 2017/2018. And so on.

    Once you notice it, you’ll see it happening everywhere. The flow of hopium to the people cannot be allowed to stop. Otherwise they might demand real change.

    • PlanetOrphan 3.1
      23 January 2013 at 11:18 am

      Can’t have riots in the streets,
      Must pacify with bullshit,
      Where’s my favourite reporters, I’ve got some shit to sell ….

  4. Alinsky 4
    23 January 2013 at 11:15 am

    “Not sure why people are still under the belief that the last Labour govt left us in a *good position*”

    Reason #1: Because Labour didn’t intentionally destroy our manufacturing sector, which is the source of a society’s wealth. See Bryan Gould in today’s NZ Herald.

    http://www.nzherald.co.nz/opinion/news/article.cfm?c_id=466&objectid=10860765

    Reason #2: Because Labour didn’t sell income producing government owned assets.

    Reason #3: Because Labour knew unemployed people are our most valuable wasted asset, not a source of cheaper productivity for the wealthy few.

    Reason #4: Because Labour was NOT dedicated to the neoliberal holy mantra “greed is virtuous, especially when it enriches the already wealthy.”

    • Pete 4.1
      23 January 2013 at 11:19 am

      Reason #4 Because Labour created the Cullen Fund and Kiwisaver, which help to secure the retirement of our aging population and act as a source of capital for productive investments.

      • muzza 4.1.1
        23 January 2013 at 11:29 am

        I think you’ll find that the Cullen Fund and Kiwi Saver, which rely on growth to provide returns, are likley to be providing/causing a net negative!

        As for the last labour govt *not being dedicated to the neoliberal holy mantra….” – ROT

        1: What do you think the Cullen fund is invested in – Hint, it’s tied to neoliberal ideological thinking

        2: Why did the L govt allow the influx of *hot money*, and the explosion of the housing bubble, if they were *NOT dedicated to the neoliberal mantra* – That happened on their watch!

        Stop kidding yourselves!

        • Pete 4.1.1.1
          23 January 2013 at 11:41 am

          I think this is an area where there is genuine philosophical disagreement between various commentators on this site. I’m not convinced myself that we’ve reached the end of growth. I do think we should gear ourselves towards a post-oil economy, but that’s not the same thing.

          • muzza 4.1.1.1.1
            23 January 2013 at 11:53 am

            Pete, I think I understand where you’re coming from.

            If we have not reached the end of growth (I agree, but from the perspective that it will continue to chanted as the mantra, and driven towards, i.e not a good perspective), what would you say that good growth could be measured as , and how would you see the path to , good growth playing out under the current models?

            • Pete 4.1.1.1.1.1
              23 January 2013 at 12:11 pm

              Good growth could be measured in increase in the Human Development Index, coupled with a decrease in the Gini Coefficient. Or simply the Inequality-Adjusted Human Development Index.

              At present, policy settings favour the concentration of wealth into the hands of a few, so until that is addressed, good growth will be limited.

              • muzza …
                23 January 2013 at 12:21 pm

                At present, policy settings favour the concentration of wealth into the hands of a few, so until that is addressed, good growth will be limited.

                That’s the interesting part of the discussion, the one which will be driven by the engagement of people into their political/economic reality, but thats not what enough people want. They want the lie, they love the lie, their life depends on the lie!

                The lie they love, is locking in the outcomes, nice and tight!

                CV – Indeed, then where…

                Edit: Lanth, correct, the exporting of deflation , essentially by China, has created stored up consequences, which we are seeing the clumsey attempts to sweep under the mat!

                • McFlock …
                  23 January 2013 at 12:59 pm

                  I’m slightly more optimistic – the whimsy of the electorate is in swings and roundabouts. Basically, they love “the lie” when it seems to work for them, but they take a while to change their mind and flip back again.

                  Lab5 dropped the ball because it got gunshy with the “lightbulb” fiasco. So it tweaked things enough to improve people’s lives a good bit, but there was no gamechanger for when the peoples’ memory dimmed about how evil nats actually are. I know of at least one colleague at the time who voted from lab to nat because “it was national’s turn”. FFS.

                  Lab6 will do the same, but I think mana and the greens are smart enough to go for significant concessions in term one rather than the gradual change myth. I also know they’ll have a shitload more leverage than during lab5.

                  China’s interesting. I have some doubts about their stability in the next few decades. Not a certainty, but they have some fascinating urban/rural, rich/poor, and local/federal government issues.

          • Colonial Viper 4.1.1.1.2
            23 January 2013 at 11:54 am

            Growth per capita is almost at an end in OECD countries IMO. And we can see that much of the last decades “growth” in developed countries was actually predicated on an unsustainable debt bubble which we are now paying for. However, real growth may continue to occur in India and China for the time being.

            • Lanthanide 4.1.1.1.2.1
              23 January 2013 at 12:14 pm

              I agree with you and Pete, CV.

              My boyfriend and I have made the observation that the low rates of inflation throughout the world since the 80s owes a lot to China for outsourcing all of our low-paid jobs, allowing us to still have cheap products made. Wages in China are now starting to rise to a level where manufacturers are considering going to other 3rd world countries, such as Laos and North Korea to keep costs down.

              In essence, the low levels of global inflation of the last couple of decades seems to simply have been deferred to the future, for when we can’t kick the can any further down the road of outsourcing production to cheap countries.

    • PlanetOrphan 4.2
      23 January 2013 at 11:22 am

      Also …

      “The Government’s operating surplus in fiscal 2002/03 continues to track higher, Treasury figures released today show.

      The operating surplus for the 10 months to April 30 was $3.258 billion, some $410 million above the track forecast on budget night in May.”

      http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=3506856

      And it aint the GFC it was the SCF that National did not oversee properly.

    • PolishPride 4.3
      23 January 2013 at 12:13 pm

      Not sure why people are still under the belief that Labour and the left can solve the problems facing society…. They haven’t been able to for the last 100 or so years..
      In order to solve the problem you must first understand what the problem is and it is pretty clear that none of the political parties nor economists do.

    • tc 4.4
      23 January 2013 at 1:18 pm

      Kiwibank

    • Herodotus 4.5
      23 January 2013 at 2:25 pm

      http://www.rbnz.govt.nz/keygraphs/Fig5.html
      Tell that to the population your misguided view of the past. We borrowed because we are unable to either:
      Increase nz wealth to match our spending and pay off past debt.
      Reduce our living std
      Unless you were one of those who the govt allowed to participate in the property speculation then your untaxed wealth it was a good time, pity about the social consequences
      Why are so many here willing to continue the mis truths of the last 13 years?
      Even Anthony’s link to a past post http://thestandard.org.nz/how-we-got-where-we-are/ has not a link to show any debt being paid off under labour. If this did happen why is no one able to supply any details. Sure we see all the time net debt graphs http://thestandard.org.nz/nz-economic-forecast-deteriorating/ as frank macskasy comments on but this does not show debt being paid off.
      And let’s not talk about the current account http://www.rbnz.govt.nz/keygraphs/Fig6.html. So how good was it for everyone. Record house price increases, mortgages over 10%, and unheralded of borrowing to pay the bills. At least all but 150k had jobs back then.

  5. infused 5
    23 January 2013 at 11:30 am

    “In a global context we are “low risk”, thanks to the good position that the last Labour government left us”

    lol shit, April 1st already?

  6. geoff 6
    23 January 2013 at 12:04 pm

    2017 is just another figure pulled out of thin air so that the general public doesn’t completely despair.
    There’s no end of stagnation in sight (just look at Japan since the 90’s) as long as they keep printing cheap money for the rent-seeking 1%ers.
    Interestingly, governments have been buying gold for the last few years and returning their holdings back to their national vaults. Supposedly this is a hedge against potential fiat currency collapse, something that has a degree of plausability when many nations bond prices are at historics highs (see UK at 300 year bond high).

    • Colonial Viper 6.1
      23 January 2013 at 12:08 pm

      Do you happen to know what the CDS spreads on UK debt is looking like?

      • geoff 6.1.1
        23 January 2013 at 3:21 pm

        Nope. I presume they aren’t indicating imminent UK government default (if that is what you are hinting at) because bank of england can always print more money.

  7. blue leopard 7
    23 January 2013 at 12:10 pm

    The international credit ratings agencies are a load of bunkem, which along with travesties that the Nat party require us to swallow, we seem to have to “go along” with despite the deficiency in veracity.

    Its true and relevant because they say it is, not because it is.

    How about our international and national governing bodies address this issue*:

    “This offshore economy is large enough to have a major impact on estimates of inequality of wealth and income; on estimates of national income and debt ratios; and – most importantly – to have very significant negative impacts on the domestic tax bases of ‘source’ countries,” Henry says.

    (I have reshared this link that I got off another on the Standard recently, due to the importance of the information contained.)

  8. Afewknowthetruth 8
    23 January 2013 at 2:19 pm

    The entire economic system is dependent on oil. Extraction of conventional oil peaked over 2005 to 2008, and is in precipitous decline in most parts of the world. Hence most of the developed world is in economic decline. So-called unconventional oil, which has a very poor EROEI, is propping things up to some extent for the moment but will soon fail to do so.

    We go over the same ground time and time again and nothing sinks in.

    • The Gormless Fool formerly known as Oleolebiscuitbarrell 8.1
      23 January 2013 at 3:48 pm

      Lucky for you it doesn’t. You would then have to change your name to Everyoneknowsthetruth. And would undoubtedly feel less special as a result.

      • Afewknowthetruth 8.1.1
        23 January 2013 at 5:03 pm

        All truth passes through three stages.

        First it is ignored or ridiculed.

        Second it is violently opposed.

        Third it is accepted as being self-evident.

        Schopenhauer (1788-1860).

        • The Gormless Fool formerly known as Oleolebiscuitbarrell 8.1.1.1
          23 January 2013 at 6:42 pm

          Yes. But you don’t know it is the truth until the third stage.

          I once told everyone that I would become a ukulele virtuoso who would change the world through the beauty and skill of my playing.

          First, I was ignored or ridiculed.

          Second, I was violently opposed (mainly be people who found my practicing unpleasant to the ear).

          Third, it turned out my detractors were entirely correct. I am just shit at playing the ukulele.

          • Afewknowthetruth 8.1.1.1.1
            23 January 2013 at 11:43 pm

            When Galileo looked at Jupiter through his telescope and saw it had moons he didn’t have to wait for everyone else to accept the fact to know he was right in proclaiming that Jupiter has moons. Saying that the Earth was not the centre of the universe upset the authorities, especially the church of course, and resulted in house arrest.

            Semmelweis didn’t have to wait for everyone to agree to know that improved hygiene resulted in fewer infections. He was ridiculed and ignored for promoting the modern ideas about germs, and those who ignored and ridiculed him caused unnecessary suffering and death.

            It’s the same when it comes to energy and environmental issues. Those who ridicule and ignore the ones who do know what they a re talking about will cause unnecessary suffering and death……hopefully their own.

Links to post

Recent Comments

Recent Posts

  • Patterson promoting NZ’s wool sector at International Congress
    Associate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector.    "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...
    BeehiveBy beehive.govt.nz
    9 hours ago

  • Removing red tape to help early learners thrive
    The Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...
    BeehiveBy beehive.govt.nz
    12 hours ago

  • McClay reaffirms strong NZ-China trade relationship
    Trade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...
    BeehiveBy beehive.govt.nz
    19 hours ago

  • Prime Minister Luxon acknowledges legacy of Singapore Prime Minister Lee
    Prime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong.   Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • PMs Luxon and Lee deepen Singapore-NZ ties
    Prime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong.  During today’s meeting, Prime Minister Luxon ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Antarctica New Zealand Board appointments
    Foreign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner.  The Minister has appointed Neville Harris as a new member of the Board. Mr ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Finance Minister travels to Washington DC
    Finance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom.  “I am looking forward to meeting with our Five Finance partners on how we can work ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Pet bonds a win/win for renters and landlords
    The coalition Government has today announced purrfect and pawsitive changes to the Residential Tenancies Act to give tenants with pets greater choice when looking for a rental property, says Housing Minister Chris Bishop. “Pets are important members of many Kiwi families. It’s estimated that around 64 per cent of New ...
    BeehiveBy beehive.govt.nz
    1 day ago

  • Long Tunnel for SH1 Wellington being considered
    State Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the Government has also asked NZ Transport Agency (NZTA) to consider and provide advice on a Long Tunnel option, Transport Minister Simeon Brown ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • New Zealand condemns Iranian strikes
    Prime Minister Christopher Luxon and Foreign Minister Winston Peters have condemned Iran’s shocking and illegal strikes against Israel.    “These attacks are a major challenge to peace and stability in a region already under enormous pressure," Mr Luxon says.    "We are deeply concerned that miscalculation on any side could ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Huge interest in Government’s infrastructure plans
    Hundreds of people in little over a week have turned out in Northland to hear Regional Development Minister Shane Jones speak about plans for boosting the regional economy through infrastructure. About 200 people from the infrastructure and associated sectors attended an event headlined by Mr Jones in Whangarei today. Last ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Health Minister thanks outgoing Health New Zealand Chair
    Health Minister Dr Shane Reti has today thanked outgoing Health New Zealand – Te Whatu Ora Chair Dame Karen Poutasi for her service on the Board.   “Dame Karen tendered her resignation as Chair and as a member of the Board today,” says Dr Reti.  “I have asked her to ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Roads of National Significance planning underway
    The NZ Transport Agency (NZTA) has signalled their proposed delivery approach for the Government’s 15 Roads of National Significance (RoNS), with the release of the State Highway Investment Proposal (SHIP) today, Transport Minister Simeon Brown says.  “Boosting economic growth and productivity is a key part of the Government’s plan to ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Navigating an unstable global environment
    New Zealand is renewing its connections with a world facing urgent challenges by pursuing an active, energetic foreign policy, Foreign Minister Winston Peters says.   “Our country faces the most unstable global environment in decades,” Mr Peters says at the conclusion of two weeks of engagements in Egypt, Europe and the United States.    “We cannot afford to sit back in splendid ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • NZ welcomes Australian Governor-General
    Prime Minister Christopher Luxon has announced the Australian Governor-General, His Excellency General The Honourable David Hurley and his wife Her Excellency Mrs Linda Hurley, will make a State visit to New Zealand from Tuesday 16 April to Thursday 18 April. The visit reciprocates the State visit of former Governor-General Dame Patsy Reddy ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • Pseudoephedrine back on shelves for Winter
    Associate Health Minister David Seymour has announced that Medsafe has approved 11 cold and flu medicines containing pseudoephedrine. Pharmaceutical suppliers have indicated they may be able to supply the first products in June. “This is much earlier than the original expectation of medicines being available by 2025. The Government recognised ...
    BeehiveBy beehive.govt.nz
    4 days ago

  • NZ and the US: an ever closer partnership
    New Zealand and the United States have recommitted to their strategic partnership in Washington DC today, pledging to work ever more closely together in support of shared values and interests, Foreign Minister Winston Peters says.    “The strategic environment that New Zealand and the United States face is considerably more ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Joint US and NZ declaration
    April 11, 2024 Joint Declaration by United States Secretary of State the Honorable Antony J. Blinken and New Zealand Minister of Foreign Affairs the Right Honourable Winston Peters We met today in Washington, D.C. to recommit to the historic partnership between our two countries and the principles that underpin it—rule ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • NZ and US to undertake further practical Pacific cooperation
    Foreign Minister Winston Peters has announced further New Zealand cooperation with the United States in the Pacific Islands region through $16.4 million in funding for initiatives in digital connectivity and oceans and fisheries research.   “New Zealand can achieve more in the Pacific if we work together more urgently and ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Government redress for Te Korowai o Wainuiārua
    The Government is continuing the bipartisan effort to restore its relationship with iwi as the Te Korowai o Wainuiārua Claims Settlement Bill passed its first reading in Parliament today, says Treaty Negotiations Minister Paul Goldsmith. “Historical grievances of Te Korowai o Wainuiārua relate to 19th century warfare, land purchased or taken ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Focus on outstanding minerals permit applications
    New Zealand Petroleum and Minerals is working to resolve almost 150 outstanding minerals permit applications by the end of the financial year, enabling valuable mining activity and signalling to the sector that New Zealand is open for business, Resources Minister Shane Jones says.  “While there are no set timeframes for ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Applications open for NZ-Ireland Research Call
    The New Zealand and Irish governments have today announced that applications for the 2024 New Zealand-Ireland Joint Research Call on Agriculture and Climate Change are now open. This is the third research call in the three-year Joint Research Initiative pilot launched in 2022 by the Ministry for Primary Industries and Ireland’s ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Tenancy rules changes to improve rental market
    The coalition Government has today announced changes to the Residential Tenancies Act to encourage landlords back to the rental property market, says Housing Minister Chris Bishop. “The previous Government waged a war on landlords. Many landlords told us this caused them to exit the rental market altogether. It caused worse ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Boosting NZ’s trade and agricultural relationship with China
    Trade and Agriculture Minister Todd McClay will visit China next week, to strengthen relationships, support Kiwi exporters and promote New Zealand businesses on the world stage. “China is one of New Zealand’s most significant trade and economic relationships and remains an important destination for New Zealand’s products, accounting for nearly 22 per cent of our good and ...
    BeehiveBy beehive.govt.nz
    5 days ago

  • Freshwater farm plan systems to be improved
    The coalition Government intends to improve freshwater farm plans so that they are more cost-effective and practical for farmers, Associate Environment Minister Andrew Hoggard and Agriculture Minister Todd McClay have announced. “A fit-for-purpose freshwater farm plan system will enable farmers and growers to find the right solutions for their farm ...
    BeehiveBy beehive.govt.nz
    6 days ago

  • New Fast Track Projects advisory group named
    The coalition Government has today announced the expert advisory group who will provide independent recommendations to Ministers on projects to be included in the Fast Track Approvals Bill, say RMA Reform Minister Chris Bishop and Regional Development Minister Shane Jones. “Our Fast Track Approval process will make it easier and ...
    BeehiveBy beehive.govt.nz
    7 days ago

  • Pacific and Gaza focus of UN talks
    Foreign Minister Winston Peters says his official talks with the United Nations Secretary-General Antonio Guterres in New York today focused on a shared commitment to partnering with the Pacific Islands region and a common concern about the humanitarian catastrophe in Gaza.    “Small states in the Pacific rely on collective ...
    BeehiveBy beehive.govt.nz
    7 days ago

  • Government honours Taranaki Maunga deal
    The Government is honouring commitments made to Taranaki iwi with the Te Pire Whakatupua mƍ Te Kāhui Tupua/Taranaki Maunga Collective Redress Bill passing its first reading Parliament today, Treaty Negotiations Minister Paul Goldsmith says. “This Bill addresses the commitment the Crown made to the eight iwi of Taranaki to negotiate ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Enhanced partnership to reduce agricultural emissions
    The Government and four further companies are together committing an additional $18 million towards AgriZeroNZ to boost New Zealand’s efforts to reduce agricultural emissions. Agriculture Minister Todd McClay says the strength of the New Zealand economy relies on us getting effective and affordable emission reduction solutions for New Zealand. “The ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • 110km/h limit proposed for Kāpiti Expressway
    Transport Minister Simeon Brown has welcomed news the NZ Transport Agency (NZTA) will begin consultation this month on raising speed limits for the Kāpiti Expressway to 110km/h. “Boosting economic growth and productivity is a key part of the Government’s plan to rebuild the economy and this proposal supports that outcome ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • New Zealand Biosecurity Awards – Winners announced
    Two New Zealanders who’ve used their unique skills to help fight the exotic caulerpa seaweed are this year’s Biosecurity Awards Supreme Winners, says Biosecurity Minister Andrew Hoggard. “Strong biosecurity is vital and underpins the whole New Zealand economy and our native flora and fauna. These awards celebrate all those in ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Attendance action plan to lift student attendance rates
    The Government is taking action to address the truancy crisis and raise attendance by delivering the attendance action plan, Associate Education Minister David Seymour announced today.   New Zealand attendance rates are low by national and international standards. Regular attendance, defined as being in school over 90 per cent of the ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • World must act to halt Gaza catastrophe – Peters
    Foreign Minister Winston Peters has told the United Nations General Assembly (UNGA) in New York today that an immediate ceasefire is needed in Gaza to halt the ongoing humanitarian catastrophe.    “Palestinian civilians continue to bear the brunt of Israel’s military actions,” Mr Peters said in his speech to a ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Speech to United Nations General Assembly: 66th plenary meeting, 78th session
    Mr President,   The situation in Gaza is an utter catastrophe.   New Zealand condemns Hamas for its heinous terrorist attacks on 7 October and since, including its barbaric violations of women and children. All of us here must demand that Hamas release all remaining hostages immediately.   At the ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Government woolshed roadshow kicks off
    Today the Government Agriculture Ministers started their national woolshed roadshow, kicking off in the Wairarapa. Agriculture Minister Todd McClay said it has been a tough time for farmers over the past few years. The sector has faced high domestic inflation rates, high interest rates, adverse weather events, and increasing farm ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • PM heads to Singapore, Thailand, and Philippines
    Prime Minister Christopher Luxon will travel to Singapore, Thailand and the Philippines this week (April 14-20), along with a senior business delegation, signalling the Government’s commitment to deepen New Zealand’s international engagement, especially our relationships in South East Asia. “South East Asia is a region that is more crucial than ever to ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Prime Minister launches Government Targets
    Prime Minister Christopher Luxon has announced further steps to get New Zealand back on track, launching nine ambitious Government Targets to help improve the lives of New Zealanders. “Our Government has a plan that is focused on three key promises we made to New Zealanders – to rebuild the economy, ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Natural hydrogen resource should be free of Treaty claims entanglement
    Natural hydrogen could be a game-changing new source of energy for New Zealand but it is essential it is treated as a critical development that benefits all New Zealanders, Resources Minister Shane Jones says. Mr Jones is seeking to give regulatory certainty for those keen to develop natural, or geological, ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • Government responds to unsustainable net migration
    ...
    BeehiveBy beehive.govt.nz
    1 week ago

  • New Zealand on stage at global Space Symposium
    Space Minister Judith Collins will speak at the Space Symposium in the United States next week, promoting New Zealand’s rapidly growing place in the sector as we work to rebuild the economy. “As one of the largest global space events, attended by more than 10,000 business and government representatives from ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2024-04-16T09:22:47+00:00