web analytics

National: Irresponsible Economists and Liars

Written By: - Date published: 1:46 pm, June 10th, 2010 - 21 comments
Categories: budget 2010, tax - Tags: ,

National’s budget broke a number of economic promises. One that’s not been emphasised enough is their commitment to be fiscally neutral.

Labour got New Zealand to $0 net government debt, we actually had net financial assets for the first time. Now we are headed back into the red again and National is making it worse, not to create jobs to help ordinary Kiwis through the recession, but to fund tax cuts for their rich mates. Labour got in independent economists and have discovered that it is not just in the first year the government is more than $500 million short, by 2024 there is a $9 billion budget shortfall. The new taxes imposed (GST & rental property loophole closure) will not increase their value over the years in the same way as those cut (income and business taxes) would have. As they are also refusing to invest in the Cullen Fund once they are projected back into surplus in 2016, another lie, the baby-boomer superannuation hole just gets ever bigger.

With their GST rise (another broken promise…), tax cut for the rich, ACC levy rises, rent increases, additional Early Childcare Education costs, increased power and petrol prices from the ETS (flowing on to everything that’s transported – like food), this is a very inflationary budget.

And what does an inflationary budget mean: on Thursday Alan Bollard will have to start raising interest rates. And he’s going to have to keep raising them. So those renting will be hit by the closing of landlord’s tax loopholes, and those with mortgages will be hit by the increased interest rates. Everyone earning under $80-90K will be worse off next year after their housing costs are added to their GST, ACC and ETS costs.

Increased interest rates have another side effect too. Money will start to flow into New Zealand in the “carry trade” that ruined Iceland. The Japanese will prefer our high interest rates to their own at 1%, so they’ll put money in our banks. This raises the exchange rate, killing the exporters who we need to grow our economy. Some speculators are already talking about parity with the US dollar next year.

So the Government will make the vast majority of people worse off, and harm our exporters trying to grow us out of the pending superannuation debt problem that National is making worse. What to the future though, maybe the next generation can save us? The bright skilled workers coming out of our tertiary education institutions will have the ideas – except that 8500 (and counting) students won’t be coming out of those institutions as the government has frozen the dollar amount of funding for tertiary education. And cut ACE and the Training Incentive Allowance for those going back for a second chance. High-skill, high wage economy? Not with these jokers.

All this so those earning above $80k can enjoy tax cuts; those on $1 mill get $1000 a week, to be paid for by debt and hitting the most vulnerable. The old will suffer with meals on wheels cuts, home care slashed, having their pension rise attenuate over the next 2 years so they’ll have to pay the extra GST without extra income after that, and having resident withholding tax increased to 21%. The young have ECE cut, so no longer will there be an equal opportunity for all New Zealanders to start out on their good foot.

National aren’t creating a fair New Zealand, an economically or ecologically responsible New Zealand. The pay off? Their rich mates get richer, and we have less than 1% additional growth in 8 years time.

Bunji

21 comments on “National: Irresponsible Economists and Liars ”

  1. ianmac 1

    Of course it could be deliberate. If cost of living goes up and the Government is short of finance, what better excuse to sell assets like Kiwirail, shift Super age entitlement out, user-pays unemployment benefit, part payment of hospital charges, limit DPB to a short time and lower the bar for entry of Maori to prison. Machivalian experts in there somewhere

    • jimmy 1.1

      There is just too many reasons for this government to run us into the ground, no doubt a little jealous of their Greek counterparts (the Greek version of the Tories that is). They would love nothing more than another recession.

      Another economic bump and were screwed, prudence would have been the logical move but hell its not like they are trying to prove that elected citizens can run an economy.

  2. seth 2

    Thats strange, because Labour were so fiscally irresponsible we ended up having to borrow $250 million a week. Thanks to policies such as their fcuking stupid vote buying interest free student loans policy and then buying the dog that is Kiwirail for 3 times what it was worth. This is not to mention getting 50% of all families in New Zealand dependent on government handouts/rebates/benefits in order to have children.

    And you call that fiscally responsibile? Please promise me you will never ever get a job where you are in charge of spending money or buying things.

    [lprent: Or it could be that the tax cuts were fiscally irresponsible… ]

      • Bored 2.1.1

        Nice comment Kaplan “I suggest you inject some reality into your life”. You will like most people probably say the same to me, but at the risk of Bored being boring here it is:

        * the only really good thing I see about what Labour did was to recognise the folly of debt and act upon it, to be commended.
        * the whole gammut of those tea leaf readers we call economists seem to believe in two things, the ability to have limitless growth on a limited planet AND the ability to create debt and pay the bill in the future.

        If we could grow continuously we could prop up this debt but it is really a Ponzi scheme, a pyramid underpinned by the use of non renewable resources. They happen to be running out, sort of stuffing up supply and demand graphs geared to constant growth.

        Boring and tedious I know, but the baliff will appear to collect the debt. Cant say we have not warned all and sundry, as Jeremiahs we will expect to be blamed aswell. So enjoy the party whilst it lasts, or go home early and make other arrangements.

    • Lanthanide 2.2

      Interest free student loans was blatant vote buying, but it is also damn good policy. I do think they tipped it a bit too far to the generous side, and I approve of Joyce’s $50/year fee for people with loans.

    • Sam 2.3

      In actual fact, interest free student loans was more from the good work done by NZUSA than it was Labour investing in our future.

      But whatever.

    • Draco T Bastard 2.4

      We ended up having to borrow $250m/week (which I believe is wrong but I’ll stick to your figures) because of tax cuts. Without those tax cuts then we wouldn’t have need to borrow. NACTs further tax cuts mean that we get to borrow even more putting us even further in to the red.

      BTW, Cullen didn’t want to put into place that tax cuts that he did but they were a hell of a lot more responsible than the ones that NACT put in once in power.

  3. Pete 3

    Ignoring the ignorant (seth), thanks for the comment Bunji.

    To be fair to the government though, less than 1% additional growth is still “growing the pie” like their supporters always said they would.

    • Bunji 3.1

      Yes, but you’re going to have to grow the pie an awful lot more than that if you’re going to make up for cutting down most people’s share of the pie.

      captcha: policys (as in National have as rubbish ones as the spelling ability of the anti-spam machine)

    • Draco T Bastard 3.2

      1% growth would be growing the pie – if it happens and all real experience of such things over the last 30 years of neo-liberalism has shown that it doesn’t.

  4. Good post. Shame that there is so much attention on Ministerial visa card use today. The wingnuts ought to read this instead. They may learn something, like what a great job Michael Cullen did.

    • seth 4.1

      Right…..if he did such a great job, how come we plunged into recession as soon as a whiff of anything bad happened? How come they lost the election by a landslide if they were doing such a great job?

      Why is it that Key and his lot is being held up in Australia as an example of what Kevin Rudd’s Labour should’ve done? Surely they should be using Michael Cullen as the example if he was so amazing?

      • Lanthanide 4.1.1

        From your apparent beloved master English in 2008 after he took office:

        “Having condemned his predecessor for many years for paying off debt too quickly, English said: “I want to stress that New Zealand starts from a reasonable position in dealing with the uncertainty of our economic outlook.”

        “In New Zealand we have room to respond. This is the rainy day that Government has been saving up for,” he told reporters at the Treasury briefing on the state of the economy and forecasts.”

        Grow a brain.

      • zonk 4.1.2

        Because the right wing wet dreamers are all about greed and ignorance. This is the right wing revival based on climate chamge denial…

        • Andy 4.1.2.1

          Interesting approach, since the ETS will result in a wealth transfer from the average NZ household to the rich forestry and electricity company owners.

          How does this fit in with a left wing viewpoint, one may ask?

      • mickysavage 4.1.3

        if he did such a great job, how come we plunged into recession as soon as a whiff of anything bad happened

        Ask Blinglish

  5. I feel like i’m at the base of a giant pyramid scheme run by the gov’t who know it’s gonna collapse real soon. So they’re getting as much as they can out of it by rorting the system and paying off their mates with taxcuts that when the shit global money market hits the fan of popular discontent, they’ll hopefully have stolen enough off the taxpayer to protect themselves from the blowback.

    Come that day i’m pickin they’ll leave this country for dead and retire to some private island in another part of the pacific or a walled community here in NZ

    The other thing i feel, is that they’re stupid if they think money will protect them.

    • Bored 5.1

      Thanks Polly, much along my way of looking at it, we are watching an argument over how best to walk a dead duck. No amount of stroking the feathers into shape is going to resurrect it, better perhaps to prepare it for the oven.

  6. Herodotus 6

    “Labour got New Zealand to $0 net government debt, we actually had net financial assets for the first time” yet gross debt only reduced from about $37b to about $30b. So there was minimum gross debt repaid, this fact always gets overlooked and that for 8 of the 9 Lab years the gap between rich and poor was extented ref Parl Question time ealier on in the month as to a tabled docomunent that was tabled by both Lab and NAt within 5 minutes of each other.
    “..National aren’t creating a fair New Zealand..” funny enough Labour achieved almost everything that is now being pointed towards National (except min wage increase). Did not the OCR hit 8.5% just before the election and inflation rose to 4% on 2 occassions and the range that the Reserve Bank had to keep inflation was widneed from 1-2% to 1-3% and this new target was achieved by the reserve bank about 50% of the time.
    Until both sides cease this partisian attitude of blindly following “US” without any policies to point to how can NZ achieve anything. No wonder the MP’s spending has taken so much time in the media as there is no substance to be seen from a politicial party. Unless those on this site start to demand something tangible from Labour all we will have is the blind leading the blind, and NZ will be slipping behind what is now 3rd World countries in performance.

Recent Comments

Recent Posts

  • Wider roll-out of cameras on boats to support sustainability and protect marine life
    Up to 300 inshore commercial fishing vessels will be fitted with on-board cameras by 2024 as part of the Government’s commitment to protect the natural marine environment for future generations.  Minister for Oceans and Fisheries David Parker today announced the funding is now in place for the wider roll out ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Plan for vaccine rollout for general population announced
    New Zealanders over 60 will be offered a vaccination from July 28 and those over 55 from August 11, Prime Minister Jacinda Ardern announced today. The rollout of the vaccine to the general population will be done in age groups as is the approach commonly used overseas, with those over ...
    BeehiveBy beehive.govt.nz
    17 hours ago
  • New Zealand introduces Belarus travel bans
    New Zealand has imposed travel bans on selected individuals associated with the Lukashenko regime, following ongoing concerns about election fraud and human rights abuses after the 2020 Belarus elections, Foreign Affairs Minister Nanaia Mahuta has announced. The ban covers more than fifty individuals, including the President and key members of ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • NZ economy grows driven by households, construction and business investment
    The Government’s efforts to secure the recovery have been reflected in the robust rebound of GDP figures released today which show the economy remains resilient despite the ongoing impact of the COVID-19 pandemic, Grant Robertson said. GDP increased 1.6 percent in the first three months of 2021. The Treasury had ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Milestone 250th tower continues to improve rural connectivity
    The Government has welcomed the completion of the 250th 4G mobile tower, as part of its push for better rural connectivity. Waikato’s Wiltsdown, which is roughly 80 kilometres south of Hamilton, is home to the new tower, deployed by the Rural Connectivity Group to enable improved service to 70 homes ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Quarantine Free Travel pause with Victoria to lift on Tuesday
    Following a further public health assessment of the COVID-19 outbreak in greater Melbourne, New Zealand’s Quarantine Free Travel pause with Victoria has been extended to 11.59pm on Tuesday 22 June, COVID-19 Response Minister Chris Hipkins says. It has been determined that the risk to public health in New Zealand continues ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Prime Minister mourns passing of Dr Sir Ian Hassall
    Prime Minister Jacinda Ardern is mourning the passing of Dr Sir Ian Hassall, New Zealand’s first Children’s Commissioner and lifelong champion for children and children’s health. As a paediatrician Sir Ian contributed to a major world-first cot death study that has been directly credited with reducing cot deaths in New ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • APEC structural reform meeting a success
    APEC ministers have agreed working together will be crucial to ensure economies recover from the impact of COVID-19. Minister of Commerce and Consumer Affairs David Clark, chaired the virtual APEC Structural Reform Ministerial Meeting today which revolved around the overarching theme of promoting balanced, inclusive, sustainable, innovative and secure growth ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Digital hub to boost investment in forestry
    A new website has been launched at Fieldays to support the forestry sector find the information it needs to plant, grow and manage trees, and to encourage investment across the wider industry. Forestry Minister Stuart Nash says the new Canopy website is tailored for farmers, iwi and other forestry interests, ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government continues support for rangatahi to get into employment, education and training
    Over 230 rangatahi are set to benefit from further funding through four new He Poutama Rangatahi programmes, Minister for Social Development and Employment Carmel Sepuloni announced today. “We’re continuing to secure our economic recovery from COVID by investing in opportunities for rangatahi to get into meaningful employment, education or training ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • NCEA subjects up for consultation
    The education sector, students, their parents, whānau and communities are invited to share their thoughts on a list of proposed NCEA subjects released today, Education Minister Chris Hipkins says. This is a significant part of the Government’s NCEA Change Programme that commenced in 2020 and will be largely implemented by ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Major investment in plantain forage programme aims to improve freshwater quality
    The Government is backing a major programme investigating plantain’s potential to help farmers protect waterways and improve freshwater quality, Acting Agriculture Minister Meka Whaitiri announced at Fieldays today. The Sustainable Food and Fibre Futures (SFFF) fund is contributing $8.98 million to the $22.23 million seven-year programme, which aims to deliver ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • America’s Cup decision
    The Minister responsible for the America’s Cup has confirmed the joint Crown-Auckland Council offer to host the next regatta has been declined by the Board of Team New Zealand. “The exclusive period of negotiation between the Crown, Auckland Council, and Team New Zealand ends tomorrow, 17 June,” said Stuart Nash. ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Food and fibres sector making significant strides towards New Zealand’s economic recovery
    The Government is backing the food and fibres sector to lead New Zealand's economic recovery from COVID-19 with targeted investments as part of its Fit for a Better World roadmap, Forestry Minister Stuart Nash said. “To drive New Zealand’s recovery, we launched the Fit for a Better World – Accelerating ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Cost of Government Southern Response proactive package released
    The Government has announced the proactive package for some Southern Response policyholders could cost $313 million if all those eligible apply. In December, the Minister Responsible for the Earthquake Commission, David Clark announced a proactive package for SRES claimants who settled their claims before October 2014. It trailed the judgment ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New support to reduce emissions from public building and construction projects
    Government agencies are getting new support to reduce carbon emissions generated by construction of new buildings, with the release of practical guidance to shape decisions on public projects. The Ministers for Building and Construction and for Economic Development say a new Procurement Guide will help government agencies, private sector suppliers, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • He Whenua Taurikura: New Zealand’s first Hui on Countering Terrorism and Violent Extremism
    The Prime Minister has opened New Zealand’s first hui on Countering Terrorism and Violent Extremism, which is being held in Christchurch over the next two days. The hui delivers on one of the recommendations from the report of the Royal Commission of Inquiry into the terrorist attack on Christchurch masjidain ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech to inaugural Countering Terrorism Hui
    E aku nui, e aku rahi, Te whaka-kanohi mai o rātou mā, Ru-ruku-tia i runga i te ngākau whakapono, Ru-ruku-tia i runga i te ngākau aroha, Waitaha, Ngāti Mamoe, Ngai Tahu, nāu rā te reo pohiri. Tena tātou katoa. Ki te kotahi te kakaho ka whati, ki te kapuia, e ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Campaign shines a light on elder abuse
    A new campaign is shining a spotlight on elder abuse, and urging people to protect older New Zealanders. Launched on World Elder Abuse Awareness Day, the Office for Seniors’ campaign encourages friends, whānau and neighbours to look for the signs of abuse, which is often hidden in plain sight. “Research suggests ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Farewelling sports administrator and philanthropist Sir Eion Edgar
    Sport and Recreation Minister Grant Robertson today expressed his sorrow at the passing of Sir Eion Edgar – a leading sports administrator and celebrated philanthropist who has made a significant impact both within and beyond the sport sector. “Sir Eion’s energy, drive and generosity has been truly immense. He leaves ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government to apologise for Dawn Raids
    The Government will make a formal apology for the wrongs committed during the Dawn Raids of the 1970’s. Between 1974 and 1976, a series of rigorous immigration enforcement policies were carried out that resulted in targeted raids on the homes of Pacific families. The raids to find, convict and deport overstayers ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Humanitarian support for Bangladesh and Myanmar
    Foreign Affairs Minister Nanaia Mahuta today announced that New Zealand is providing NZ $8.25 million in humanitarian assistance to support refugees and their host populations in Bangladesh and to support humanitarian need of internally displaced and conflict affected people in Myanmar.  “Nearly four years after 900,000 Rohingya crossed the border ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Poroporoaki: Dame Georgina Kamiria Kirby
    E Te Kōkō Tangiwai, Te Tuhi Mareikura, Te Kākākura Pokai kua riro i a matou. He toka tū moana ākinga ā tai, ākinga ā hau, ākinga ā ngaru tūātea.  Haere atu rā ki te mūrau a te tini, ki te wenerau a te mano.  E tae koe ki ngā rire ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Feedback sought on future of housing and urban development
    New Zealanders are encouraged to have their say on a long-term vision for housing and urban development to guide future work, the Housing Minister Megan Woods has announced. Consultation starts today on a Government Policy Statement on Housing and Urban Development (GPS-HUD), which will support the long-term direction of Aotearoa ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Clean car package to drive down emissions
    New rebates for electric and plug-in hybrid vehicles start July 1 with up to $8,625 for new vehicles and $3,450 for used. Electric vehicle chargers now available every 75km along most state highways to give Kiwis confidence. Low Emission Transport Fund will have nearly four times the funding by 2023 ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Progress towards simpler process for changing sex on birth certificates
    The Government is taking the next step to support transgender, non-binary and intersex New Zealanders, by progressing the Births, Deaths, Marriages and Relationships Registration Bill, Minister of Internal Affairs, Jan Tinetti announced today. “This Government understands that self-identification is a significant issue for transgender, non-binary and intersex New Zealanders, and ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Crown speeds up engagement with takutai moana applicants
    The Crown is taking a new approach to takutai moana applications to give all applicants an opportunity to engage with the Crown and better support the Māori-Crown relationship, Treaty of Waitangi Negotiations Minister Andrew Little says. Following discussions with applicant groups, the Crown has reviewed the existing takutai moana application ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Alcohol and Other Drug Treatment (AODT) Court opens
    The Minister of Justice, Kris Faafoi, and the Minister for Courts, Aupito William Sio, have welcomed the opening of a new Alcohol and Other Drug Treatment (AODT) Court in Hamilton. The AODT Court (Te Whare Whakapiki Wairua) addresses situations where substance abuse and offending are intertwined. “New Zealanders have told ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • EU and UK FTAs top of list for first ministerial trip since COVID-19
    Trade and Export Growth Minister Damien O’Connor today announced details of his planned visit to the United Kingdom and European Union next week, where he will hold trade and agriculture discussions to further New Zealand’s economic recovery from COVID-19. The visit will add political weight to ongoing negotiations with both the EU ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Arihia Bennett to chair Royal Commission Ministerial Advisory Group
    Te Rūnanga o Ngāi Tahu chief executive Arihia Bennett MNZM has been appointed chair of the newly appointed Ministerial Advisory Group on the Government’s Response to the Royal Commission of Inquiry into the terrorist attack on Christchurch mosques. “Twenty-eight people from diverse backgrounds across Aotearoa have been selected for the ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to the New Zealand Medical Association General Practitioners' Conference, Rotorua
    Ki ngā pou maha o te whare hauora o Aotearoa, kei te mihiTo the pillars of our health system I acknowledge/thank you Ki te ope hapai hauora o roto o tēnei rūma, kei te mihi To our health force here in the room today, I acknowledge/thank you He taura tangata, ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Karangahape Road upgrades are streets ahead
    The upgrades to Karangahape Road makes the iconic street more pedestrian and cycle-friendly, attractive and environmentally sustainable, Transport Minister Michael Wood and Auckland Mayor Phil Goff said at the formal celebration of the completion of the Karangahape Road Enhancements project. The project included widening footpaths supporting a better outdoor dining ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to APEC business event
    E ngā tumu herenga waka, ākina ā ngaru, ākina ā tai ka whakatere ngā waka ki te whakapapa pounamu, otirā, ki Tamaki o ngā waka Tena koutou katoa… To the great leaders assembled, who guided your waka through turbulent times, challenging waters and you continue to navigate your respective waka ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pause on Quarantine Free Travel with Victoria extended
    Following an assessment of the COVID-19 outbreak in greater Melbourne, New Zealand’s Quarantine Free Travel pause with Victoria will continue for a further seven days, COVID-19 Response Minister Chris Hipkins says. There are now 93 cases associated with the outbreak in greater Melbourne, spread over four clusters. Contact tracing efforts ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Supplier Diversity Aotearoa Summit: Navigate 2021
    *** Check with delivery *** A mihi to all who have contributed to making today a success – starting with you! As you have explored and navigated government procurement today you will hopefully have reflected on the journey of our people so far – and how you can make a ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pukemiro School to close
    Pukemiro Primary School near Huntly will close following years of declining roll numbers, Education Minister Chris Hipkins announced today. “I’ve consulted with the School Commissioner, and this decision acknowledges the fact that the few remaining students from last term are now settled at other nearby schools. “I want to thank ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Govt acts to protect NZers from harmful content
    New Zealanders will be better protected from harmful or illegal content as a result of work to design a modern, flexible and coherent regulatory framework, Minister of Internal Affairs Jan Tinetti announced today. New Zealand currently has a content regulatory system that is comprised of six different arrangements covering some ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Consultation on exemption of new builds from proposed tax rules
    The Government has today confirmed new builds will be exempt from planned changes to the tax treatment of residential investment property.  Public consultation is now open on details of the proposals, which stop interest deductions being claimed for residential investment properties other than new builds.   “The Government’s goal is to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech for Predator Free 2050 Conference
    Introduction E ngā mana E ngā reo E ngā iwi Tēnā koutou katoa   Ka huri ki ngā mana whenua o te rohe nei. Tēnā koutou He mihi hoki ki a tatou kua tau mai nei i raro i te kaupapa o te rā Ko Ayesha Verrall toku ingoa No ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New stock exchange to help grow small businesses
    A new share trading market, designed as a gateway to the NZX for small-to-medium-sized enterprises (SMEs), has been granted a licence by the Government. Commerce and Consumer Affairs Minister, David Clark said Catalist Markets Ltd will provide a simpler and more affordable ‘stepping stone’ for SMEs to raise capital. “This ...
    BeehiveBy beehive.govt.nz
    1 week ago