Must New Zealand Pay Back All This Public Debt?

Written By: - Date published: 9:34 am, December 20th, 2020 - 22 comments
Categories: capitalism, covid-19, debt / deficit, Economy, grant robertson, labour, national, same old national, treasury - Tags:

New Zealand like most countries across the world in the last year, has gone deeper and deeper into public debt.

It’s pretty clear that the New Zealand government’s response to economic crisis from lockdowns and global trade crashes by spending tonnes of debt money has been extremely effective.

Debt is no longer a dirty word in Wellington.

Yet for some, it’s simple: debts must always be paid back.

We can still remember how Greece was treated by Germany during the GFC: pay the public debt you owe to us, and suffer.

Surely our huge new debt means taxes have to get raised in the future?

Well first the good news. In the past our public debt was even larger than seen today, and we’ve always managed to overcome that debt through a variety of methods.

Back in the day, a fast-growing emerging country like ours would run balance of payments current account deficits and slower-growing countries would run surpluses.

But we’re now a developed economy and the pattern is reversed, with many emerging economies running large surpluses or even balanced current accounts when one might reasonably expect that they would be running deficits, and thus supporting demand in the rest of the world.

Now we have advanced economies with debt that already appears too high, especially against a backdrop of ageing populations that just can’t do higher taxes, but there’s not a reserve bank within a thousand k’s that is remotely worried in the medium term.

The bad news is that the old sentiment of restraining further public borrowing now the economy is going gangbusters again is still strong. Here’s National’s version:

We’ve raided the rainy day fund to weather this economic crisis but now that the economy is recovering it’s time for a sensible plan to pay down debt so we are ready when the next economic shock arrives” – that’s National’s economic spokesperson Andrew Bayly. “Saddling our future generations with more debt than absolutely necessary is irresponsible and economically reckless.”

But the decisions of our Minister of Finance since March 2020 are pretty much identical to that of Prime Minister Robert Muldoon in formulating with Bill Birch the Think Big projects in response to the oil crises. Public debt is good, and on big build infrastructure projects, real good.

You can start to see this start of an ideological turn in policy about public debt in this paper from the Reserve Bank Governor Allan Bollard, but still there on p. 53 he says:

A return to sustained fiscal surpluses will, over time, mean a fall in the level of net public debt. But as governments do not generate much of their own income, returning to surpluses involves some mix of discretionary spending cuts, or increased taxation.”

Minister of Finance is apparently rejecting that simple binary.

With GDP now surging ahead, and government income surging with it, there’s no need for any such restrictive anxiety.

Core Crown tax revenue is forecast to be up by $16 billion, when compared to the PREFU. Net core Crown debt peaks in 2023-24 at 45.6% of GDP, and pretty much hangs there.

If anyone needed reminding, National in the previous government responded to a need to significantly lift debt to fund recovery by selling off 49% of our electricity generators.

Debt barely went down. They just lied, and the rest just made money.

Without much fanfare, Minister Robertson has used 2020’s crisis to bury the historic scourge of monetarism and within it the excuses of the governments that used it as a pretext to sell off our key government income generators.

Rather than paying our debt back to ourselves for decades like some cosmic never-ending universal mortgage, all we’ve had to do is organise things differently.

22 comments on “Must New Zealand Pay Back All This Public Debt? ”

  • Comments are now closed

  1. Patricia Bremner 1
    20 December 2020 at 11:32 am

    Yes Ad, National's view of debt reminds me of my parents' view. They felt borrowing against future income to 4 times to buy a home meant a life time of debt.

    When we had repaid that within 10 years, had an asset, and then began saving for our pensions, they admitted they had always been afraid of debt, and always struggled because of that.

    The poor are kept poor because part of the assistance given should be a Kiwi Saver A/C, into which the Govt should place the amount a minimum wage would provide, plus the bonus. This would give an asset to build on for their future, and help them look to the future with more hope, and have the incentive to train, do better to raise the amount going to their asset.

    Just keeping body and soul together is not and will never be enough. Assistance to a better future would help us all. So benefits need to increase, and the new mind set needs to extend further than it currently does. Wellbeing the goal.

    There is a huge difference between wild spending and building assets. Robertson looks for opportunities to pivot and make spending become a building block in an over all plan, this thinking should permeate and help solve other ills, namely housing and poverty.

    • Ad 1.1
      20 December 2020 at 11:40 am

      It was pretty clear when he asked all Councils for a list of "shovel ready" projects that there's wasn't an overall plan. The closest we've got is those ridiculously wide RBA that Robertson tweaked a week ago. Who knows maybe a more detailed plan is just futile right now.

    • Foreign waka 1.2
      20 December 2020 at 12:53 pm

      Being 16 billion in debt is no easy feat with a small population and largely a next generation being put into repayment of it. And lets not forget, in that emergency of Covid, 16 Billion (yes the same number) were given to companies of which many are now paying dividends due to high profits. Now I am all for planning and taking on calculated risks but having a generation paying for shareholder returns on back of a pandemic is not just wrong. It puts a question mark on the competency of this government and the moral fabric of the entrepreneur class. I would say that poverty, housing and many ills could have been taken care off with that kind of slash fund. With positive results for exactly that generation that has to pay the money back.

      • Pat 1.2.1
        20 December 2020 at 1:01 pm

        "With positive results for exactly that generation that has to pay the money back."

        and that is the line that the opposition will be pushing….false as it is. So long as the Gov make good decisions around investment (not funds, but people and infrastructure) then the tax will take care of itself.

        • Foreign waka 1.2.1.1
          20 December 2020 at 1:35 pm

          I am sorry but giving 16 billions away without a means of getting back what is not theirs to finance what is clearly a wealth transfer, does not make any readings for a socially conscience or pragmatic government. One has to be truly from another planet to believe that the money hording class, read entrepreneur, would be honest when handing the taxpayer funds to them. Or was is as intended?

          That sum if it would be channeled towards relieving the suffering in NZ would have been far more productive. This is a logical and yes, also emotional argument but still valid on the scale of truth none the less. And it has absolutely nothing (!) to do with any opposition party. If this is the counter argument, the next generation will not see any solution to those huge pressing issues they are facing. This constant point scoring between parties is from generations past with no real outcome.

          • Pat 1.2.1.1.1
            20 December 2020 at 2:57 pm

            The falsehood is that taxation is required for (gov) debt servicing….there are many reasons to tax but funding gov spending is not one of them

            What the government chooses to do with that debt is what you should rail against.

            • Foreign waka 1.2.1.1.1.1
              20 December 2020 at 3:20 pm

              The money is spend – 16 billions – courtesy of the taxpayer. Maybe even against kiwi saver…

              Oh well, maybe one day, maybe one day….

              https://www.stuff.co.nz/national/300188321/seasonal-workers-and-holidaymakers-to-displace-homeless

              And if we talk about voting, my vote goes to that party with the most pragmatic approach to solve that ever increasing inequality issue. If it is a minority party, so be it. And I am not the only one thinking like that. Just not everybody is saying anything.

              • Pat …
                20 December 2020 at 3:24 pm

                courtesy of the Government….what taxes people pay in future have only the most tenuous connection to this debt….but as noted below, this line that we are ‘burdening future generations’ will be used to campaign by the opposition (just as Labour would do if the position reversed)….its BS for the masses.

                • Foreign waka …
                  20 December 2020 at 3:36 pm

                  So, by extending this argument is it OK not to pay i.e. rates? I mean its the same as not paying the 16 billion back. One law for all.

                  https://www.rnz.co.nz/news/national/433255/rates-owed-in-christchurch-after-covid-19-deferral-over-1-million

                  And by the way, having only a tenuous connection to the debt that the NZ Government has incurred, who is going to pay? Unless you are saying that the printed money is in effect written off making the value of the bonds held by Treasury decrease or even almost worthless.

                  • Pat …
                    20 December 2020 at 6:22 pm

                    Not one law for all….different rules for currency issuers, but you can try a rates strike if you think it will serve you well.

                    And whos going to pay?…who paid for the recent wage subsidy?…were our taxes hiked to pay for that?…no, the government determined it was important enough and they paid, just as they can determine if, when and how they wish to reduce that debt at some point in the future.

                    And yes there is always a risk that offshore investors may not consider the NZD a worthwhile investment but that risk exists already given the nature of our economy and currently theres not a lot of better options out there with everyone playing the same game.

          • Tricledrown 1.2.1.1.2
            20 December 2020 at 5:24 pm

            [Deleted and this will continue until I get your attention – Incognito]

  2. Pat 2
    20 December 2020 at 11:44 am

    Yes, but as long as it is NZD debt and owed by Gov then it is not an issue (and as long as their is international demand for NZD)….outside of that circumstance and the story changes considerably.

    Robertson is already priming the voting public to accept such in an attempt to head off what will be a big issue at the next election.

  3. RedLogix 3
    20 December 2020 at 11:57 am

    Steven Keen has repeatedly made the point that most people make the mistake of thinking that a nation's economy must follow the same behaviour's and rules that a household economy must.

    A household economy must indeed pay it's debts, but a nation state is a far more complex actor that among many other things has the crucial role of creating money supply.

    I think we should be a little more forgiving of the monetarists; they were after all playing by an ancient set of rules around the honourable payment of debt. Accepting that the state has wider and different obligations has been not been an easy step for them to take.

    • Nic the NZer 3.1
      20 December 2020 at 5:36 pm

      As a sovereign country operates the accounting system its not able to meaningfully save in financial form. This is why countries in all kinds of debt ratios are all performing fiscally in a similar manner. New Zealand gained no advantage from its starting point debt ratio being lower at the onset of the pandemic.

      A household operating a chore roster is in the same position and skimping on chores doesn't produce savings for that household, instead it leaves a build up of still to do chores.

  4. Incognito 4
    20 December 2020 at 12:18 pm

    Excellent post, thank you!

    I hope you will follow up with another one addressing why this Government appears to behave fiscally restrained in a selective manner. In other words, why not take on (more) short-to-medium-term debt to tackle other major issues in and of our society? What is the ‘handbrake’ this time, if it is not the same one as before and has been for a long time?

    • Ad 4.1
      20 December 2020 at 2:44 pm

      Their priorities and their prioritisation process is pretty well set out in their budget – so there's not much mystery to that one.

      I don't always agree with their priorities, but when you look across their projects they are not short on scope or ambition.

  5. Pat 5
    20 December 2020 at 12:41 pm

    It is important to compare apples with apples (especially when examining historical events) and what is occurring outside NZ is every bit as important as what occurs here.

    Sadly we find ourselves with a set of circumstances that allow us to seize the opportunity but lack the capability (due to decades of offshoring) and political capacity (salespeople dont make good planners) to do so.

    Who knows how long this unique set of circumstances will remain but it is looking increasingly like opportunity lost

  6. gsays 6
    20 December 2020 at 5:09 pm

    To whom is this debt owed?

    • Nic the NZer 6.1
      20 December 2020 at 5:21 pm

      Since borrowing is a liquidity operation (it allows the RBNZ to run an above zero OCR) its directly owed to New Zealand banks, financial market investors and insurers. Indirectly its owed to people with savings and policies in those institutions.

      Plus the RBNZ owns a fit after it started doing QE, which is the govt owing itself.

      • Pat 6.1.1
        22 December 2020 at 8:22 pm

        Not when its released to the secondary market…and that means money for nothing to institutional investors.

        Having noted that. there is a potential advantage to releasing it to the secondary market and either way theres no risk of default, though there is always risk that the market may be unimpressed.

  7. Nic the NZer 7
    22 December 2020 at 7:35 pm

    Interesting discussion of research into the short and long term impacts of aggressively paying down government debt.

    http://bilbo.economicoutlook.net/blog/?p=46566

    TLDR causes low wages (even decades later) and hits the young hardest.

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    Point of OrderBy Bob Edlin
    2 days ago

  • The Hoon around the week to April 19
    TL;DR: The podcast above features co-hosts and , along with regular guests Robert Patman on Gaza and AUKUS II, and on climate change.The six things that mattered in Aotearoa’s political economy that we wrote and spoke about via The Kākā and elsewhere for paying subscribers in the ...
    The KakaBy Bernard Hickey
    2 days ago

  • The ‘Humpty Dumpty’ end result of dismantling our environmental protections
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    The KakaBy Bernard Hickey
    2 days ago

  • Nicola's Salad Days.
    I like to keep an eye on what’s happening in places like the UK, the US, and over the ditch with our good mates the Aussies. Let’s call them AUKUS, for want of a better collective term. More on that in a bit.It used to be, not long ago, that ...
    Nick’s KōreroBy Nick Rockel
    2 days ago

  • Study sees climate change baking in 19% lower global income by 2050
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    The KakaBy Bernard Hickey
    2 days ago

  • Weekly Roundup 19-April-2024
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    Greater AucklandBy Matt L
    2 days ago

  • Jack Vowles: Stop the panic – we’ve been here before
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    Democracy ProjectBy bryce.edwards
    2 days ago

  • Clearing up confusion (or trying to)
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    PolitikBy Richard Harman
    2 days ago

  • How to Retrieve Deleted Call Log iPhone Without Computer
    How to Retrieve Deleted Call Log on iPhone Without a Computer: A Step–by–Step Guide Losing your iPhone call history can be frustrating, especially when you need to find a specific number or recall an important conversation. But before you panic, know that there are ways to retrieve deleted call logs on your iPhone, even without a computer. This guide will explore various methods, ranging from simple checks to utilizing iCloud backups and third–party applications. So, let‘s dive in and recover those lost calls! 1. Check Recently Deleted Folder: Apple understands that accidental deletions happen. That‘s why they introduced the “Recently Deleted“ folder for various apps, including the Phone app. This folder acts as a safety net, storing deleted call logs for up to 30 days before permanently erasing them. Here‘s how to check it: Open the Phone app on your iPhone. Tap on the “Recents“ tab at the bottom. Scroll to the top and tap on “Edit“. Select “Show Recently Deleted“. Browse the list to find the call logs you want to recover. Tap on the desired call log and choose “Recover“ to restore it to your call history. 2. Restore from iCloud Backup: If you regularly back up your iPhone to iCloud, you might be able to retrieve your deleted call log from a previous backup. However, keep in mind that this process will restore your entire phone to the state it was in at the time of the backup, potentially erasing any data added since then. Here‘s how to restore from an iCloud backup: Go to Settings > General > Reset. Choose “Erase All Content and Settings“. Follow the on–screen instructions. Your iPhone will restart and show the initial setup screen. Choose “Restore from iCloud Backup“ during the setup process. Select the relevant backup that contains your deleted call log. Wait for the restoration process to complete. 3. Explore Third–Party Apps (with Caution): ...
    Gareth’s WorldBy admin
    2 days ago

  • How to Factory Reset iPhone without Computer: A Comprehensive Guide to Restoring your Device
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  • How to Call Someone on a Computer: A Guide to Voice and Video Communication in the Digital Age
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  • Skeptical Science New Research for Week #16 2024
    Open access notables Glacial isostatic adjustment reduces past and future Arctic subsea permafrost, Creel et al., Nature Communications: Sea-level rise submerges terrestrial permafrost in the Arctic, turning it into subsea permafrost. Subsea permafrost underlies ~ 1.8 million km2 of Arctic continental shelf, with thicknesses in places exceeding 700 m. Sea-level variations over glacial-interglacial cycles control ...
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    2 days ago

  • Where on a Computer is the Operating System Generally Stored? Delving into the Digital Home of your ...
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    Gareth’s WorldBy admin
    2 days ago

  • How Many Watts Does a Laptop Use? Understanding Power Consumption and Efficiency
    Laptops have become essential tools for work, entertainment, and communication, offering portability and functionality. However, with rising energy costs and growing environmental concerns, understanding a laptop’s power consumption is more important than ever. So, how many watts does a laptop use? The answer, unfortunately, isn’t straightforward. It depends on several ...
    Gareth’s WorldBy admin
    2 days ago

  • How to Screen Record on a Dell Laptop A Guide to Capturing Your Screen with Ease
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    Gareth’s WorldBy admin
    2 days ago

  • How Much Does it Cost to Fix a Laptop Screen? Navigating Repair Options and Costs
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    Gareth’s WorldBy admin
    2 days ago

  • How Long Do Gaming Laptops Last? Demystifying Lifespan and Maximizing Longevity
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    Gareth’s WorldBy admin
    2 days ago

  • Climate Change: Turning the tide
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    No Right TurnBy Idiot/Savant
    2 days ago

  • How to Unlock Your Computer A Comprehensive Guide to Regaining Access
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    Gareth’s WorldBy admin
    2 days ago

  • Faxing from Your Computer A Modern Guide to Sending Documents Digitally
    While the world has largely transitioned to digital communication, faxing still holds relevance in certain industries and situations. Fortunately, gone are the days of bulky fax machines and dedicated phone lines. Today, you can easily send and receive faxes directly from your computer, offering a convenient and efficient way to ...
    Gareth’s WorldBy admin
    2 days ago

  • Protecting Your Home Computer A Guide to Cyber Awareness
    In our increasingly digital world, home computers have become essential tools for work, communication, entertainment, and more. However, this increased reliance on technology also exposes us to various cyber threats. Understanding these threats and taking proactive steps to protect your home computer is crucial for safeguarding your personal information, finances, ...
    Gareth’s WorldBy admin
    2 days ago

  • Server-Based Computing Powering the Modern Digital Landscape
    In the ever-evolving world of technology, server-based computing has emerged as a cornerstone of modern digital infrastructure. This article delves into the concept of server-based computing, exploring its various forms, benefits, challenges, and its impact on the way we work and interact with technology. Understanding Server-Based Computing: At its core, ...
    Gareth’s WorldBy admin
    2 days ago

  • Vroom vroom go the big red trucks
    The absolute brass neck of this guy.We want more medical doctors, not more spin doctors, Luxon was saying a couple of weeks ago, and now we’re told the guy has seven salaried adults on TikTok duty. Sorry, doing social media. The absolute brass neck of it. The irony that the ...
    More Than A FeildingBy David Slack
    2 days ago

  • Jones finds $410,000 to help the government muscle in on a spat project
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    Point of OrderBy Bob Edlin
    2 days ago

  • Again, hate crimes are not necessarily terrorism.
    Having written, taught and worked for the US government on issues involving unconventional warfare and terrorism for 30-odd years, two things irritate me the most when the subject is discussed in public. The first is the Johnny-come-lately academics-turned-media commentators who … Continue reading → ...
    KiwipoliticoBy Pablo
    2 days ago

  • Despair – construction consenting edition
    Eric Crampton writes – Kainga Ora is the government’s house building agency. It’s been building a lot of social housing. Kainga Ora has its own (but independent) consenting authority, Consentium. It’s a neat idea. Rather than have to deal with building consents across each different territorial authority, Kainga Ora ...
    Point of OrderBy poonzteam5443
    2 days ago

  • Coalition promises – will the Govt keep the commitment to keep Kiwis equal before the law?
    Muriel Newman writes – The Coalition Government says it is moving with speed to deliver campaign promises and reverse the damage done by Labour. One of their key commitments is to “defend the principle that New Zealanders are equal before the law.” To achieve this, they have pledged they “will not advance ...
    Point of OrderBy poonzteam5443
    3 days ago

  • An impermanent public service is a guarantee of very little else but failure
    Chris Trotter writes –  The absence of anything resembling a fightback from the public servants currently losing their jobs is interesting. State-sector workers’ collective fatalism in the face of Coalition cutbacks indicates a surprisingly broad acceptance of impermanence in the workplace. Fifty years ago, lay-offs in the thousands ...
    Point of OrderBy poonzteam5443
    3 days ago

  • PM’s South East Asia mission does the business
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    16 hours ago

  • $41m to support clean energy in South East Asia
    New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...
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    1 day ago

  • Minister releases Fast-track stakeholder list
    The Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...
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    1 day ago

  • Judicial appointments announced
    Attorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...
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  • Education Minister heads to major teaching summit in Singapore
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  • Value of stopbank project proven during cyclone
    A stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...
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    1 day ago

  • Anzac commemorations, Türkiye relationship focus of visit
    Foreign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul.    “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...
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    2 days ago

  • Minister to Europe for OECD meeting, Anzac Day
    Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Comprehensive Partnership the goal for NZ and the Philippines
    Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr.  The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Government commits $20m to Westport flood protection
    The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
    BeehiveBy beehive.govt.nz
    2 days ago

  • Taupō takes pole position
    The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
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    2 days ago

  • Cost of living support for low-income homeowners
    Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners.  “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
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    2 days ago

  • Government backing mussel spat project
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    2 days ago

  • Government focused on getting people into work
    Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Clean energy key driver to reducing emissions
    The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Earthquake-prone buildings review brought forward
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    BeehiveBy beehive.govt.nz
    3 days ago

  • Thailand and NZ to agree to Strategic Partnership
    Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Government consults on extending coastal permits for ports
    RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
    BeehiveBy beehive.govt.nz
    3 days ago

  • Inflation coming down, but more work to do
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    BeehiveBy beehive.govt.nz
    3 days ago

  • School attendance restored as a priority in health advice
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    BeehiveBy beehive.govt.nz
    4 days ago

  • Unnecessary bureaucracy cut in oceans sector
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    BeehiveBy beehive.govt.nz
    4 days ago

  • Patterson promoting NZ’s wool sector at International Congress
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    5 days ago

  • Removing red tape to help early learners thrive
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    5 days ago

  • RMA changes to cut coal mining consent red tape
    Changes to the Resource Management Act will align consenting for coal mining to other forms of mining to reduce barriers that are holding back economic development, Resources Minister Shane Jones says. “The inconsistent treatment of coal mining compared with other extractive activities is burdensome red tape that fails to acknowledge ...
    BeehiveBy beehive.govt.nz
    5 days 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 ...
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    5 days 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 ...
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    5 days ago

  • PMs Luxon and Lee deepen Singapore-NZ ties
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    5 days 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
    5 days 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 ...
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    5 days 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
    5 days 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 ...
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    6 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 ...
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    6 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
    1 week 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 ...
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    1 week ago

  • Roads of National Significance planning underway
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    1 week 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 ...
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    1 week 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 ...
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    1 week ago

  • Pseudoephedrine back on shelves for Winter
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    1 week 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
    1 week 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 ...
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    1 week ago

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