web analytics

NRT: So much for the surplus

Written By: - Date published: 1:21 pm, July 8th, 2014 - 40 comments
Categories: debt / deficit, Economy, jobs, treasury, wages - Tags: ,

Reposted from No Right Turn.

Back in May, National promised to balance the books next year. Now it looks like that won’t be happening:

The Budget deficit was tracking $332 million worse than forecast for the 11 months to the end of May, throwing doubt on the forecast 2014/15 Budget surplus.

Treasury said the budget deficit excluding gains and losses (Obegal) was $1.1 billion against $770m forecast in the May 15 Budget update, due to softer than expected GST and corporate tax returns.

Officials said it was too early to know the likely impact of these results “on the current and future financial years as both downside and upside risks exist “.

The Government has been promising to deliver a Budget surplus, and the May Budget forecast a surplus for the 2014-15 year of $372 million, well ahead of the paper-thin $86m tipped in December.

So, I guess we can expect some arbitrary cuts so National can claim its victory. What’ll it be? School maintenance? Maybe they’ll kick the poor some more. But the one thing they won’t be doing is fixing the revenue side of the budget by increasing taxes on the rich – that apparently is unthinkable.

40 comments on “NRT: So much for the surplus ”

  1. dv 1

    But the one thing they won’t be doing is fixing the revenue side of the budget by increasing taxes on the rich – that apparently is unthinkable.

    Nope raise GST to 20%

  2. mickysavage 2

    And business confidence, although still high, is falling.

    From Radio NZ (http://www.radionz.co.nz/news/business/249220/business-confidence-falls):

    The Institute of Economic Research’s June quarterly survey of business opinion found a net 33 percent of firms expect economic conditions to improve, compared with a net 52 percent in the previous period.
    Trading activity, which the Institute said closely mirrors economic growth, eased back, and indicates annual economic growth of 2.8 percent.
    Activity overall remains robust, but momentum has eased in some rural regions and Auckland, which the Institute attributes to the impact of falling dairy prices on rural incomes, and slowing growth in Auckland’s housing market.

    Although it is still relatively healthy there is nothing more likely to hit a government’s popularity than a drop in confidence.

    • Colonial Viper 2.1

      Business people are optimists, inherently. The key thing however is that even at what has been seen as solid levels of business optimism – it’s not that solid: in most parts of the country it has not flowed into additional capital investment and increasing headcount. More of a “wait and see” attitude.

  3. Jrobin 3

    Good news, also house prices are slumping in Auckland which though actually a good thing, will demoralise those who bought at the top of the cycle. Interest rate rises, power price rises, no surplus, falling dairy prices. Not really a rock star at all.

    • Lanthanide 3.1

      It was a Beiber-economy, not a Jagger-economy.

    • Tracey 3.2

      slumping is a bit of an overstatement

      from QV

      The Auckland market has increased 12.3% year on year and values are up 31.4% since 2007.  When adjusted for inflation values are up 10.6% over the past year and are 12.8% above the 2007 peak.

       
      Andrea Rush QV National Spokesperson said, “The nationwide index is still increasing but the picture around the country is mixed.”

      “Residential property values in Auckland and Christchurch are still increasing at a similar rate to what they were in June last year.”

      “While values in Wellington and Dunedin are showing a downward trend this month, as are a number of other provincial centres around the country.”

      “Sales volumes and home loan approvals (new and existing) are also down considerably at between 15-20% less than at this time last year.”  

       

      Auckland

      The Auckland region as a whole has increased 2.7% over the past three months and 12.3% year on year.  Manukau East is up the most with values increasing 4.3% over the past three months. Followed by the North Shore – North Harbour where values have risen 4.2%. While in Waitakere City values rose 2.3% over the same period.

      QV Valuer Bruce Wiggins said, “We are seeing a gradual reduction in the rate of growth in property values in some areas and more sellers opting to put on an asking price or sell by negotiation.

      “However, sale by auction remains popular in high value areas or where there are special characteristics.”

      “The gradual reduction in growth  is particularly noticeable in ‘hot spots’ such as Waitakere, which was up more than 17% year on year a few months ago and is now showing a 15.2% increase year on year and Papakura, where values are also flattening off.”

      “Land-banking remains popular in North-West Auckland where there are a number of new subdivisions currently being undertaken and more are planned.”

      “Within Flat Bush there appears to be a flattening of prices in recent times. This may be due to a number of builders/developers who bought land on terms at around the same time completing construction with the new builds appearing on the market at similar times.  This can create an over-supply and may affect values somewhat there.”

      • ropata 3.2.1

        yes it’s a two-tier economy. property owners / investors/ developers vs everyone else.
        it is indicated by year on year price increases exceeding the median wage
        it is a bubble, sustained by speculators and wealthy immigrants
        and it’s forcing the poor/young out of the market

        Australian houses are more affordable(!), because they have effective unions, capital gains tax and controls on foreign ownership

      • vto 3.2.2

        Tracey, the number to watch is sales numbers, not prices.

        The things you quote above refer optimistically to various price and value increases but the giveaway sentence, just the one, is this one …

        “Sales volumes and home loan approvals (new and existing) are also down considerably at between 15-20% less than at this time last year.”

        Sales volume is the one to watch.

        • mickysavage 3.2.2.1

          Yep volume decrease precedes price decrease. It is the first sign the bubble may be popping.

  4. Paul 4

    well, ole’ Johnny’s confident, as reported by his slavish propaganda machine aka. the NZ press…..http://www.stuff.co.nz/national/politics/10243719/Key-confident-about-surplus

    • Paul 4.1

      Just imagine what the headline would have been had Labour or Green been in power….

    • Hanswurst 4.2

      Yes, why do all journalists seem to report the reality according to John Key? How about a headline along the lines of “Key a Complete Stupid Dick – Successful Businessman”? I mean, surely they don’t have to look too hard to find some businessman somewhere who thinks our PM’s an embarrassment, just like they found some random mother of two the other day who was lukewarm on Labour’s education policy. They could even provide a bit of balance a couple of lines from the bottom of the article with a single sentence pointing out that said businessman supports all of Key’s policies, and that his being a dick is mainly on account of not being able to speak properly, and making naff jokes that he practises for hours in front of the mirror, but that even your least favourite uncle would be ashamed of.

  5. Sable 5

    Yes well that’s what happens when NZ journalists take the opinion of HSBC financial analysts and report it as unquestionable “fact”. The NZ economy is stuffed and its getting worse whilst Australia seems to be getting better (assuming Abbott doesn’t stuff it up which is very likely).

  6. bad12 6

    All part of the ‘swindle’ is how i see it,

    The back in black hype of English’s 2014 budget was just that ‘Hype’ with a capital H and a large serving of complicity from the media,

    When you look back a bit, 2013, you see stories of public debt ‘peaking’ in years 2016/17,

    http://www.stuff.co.nz/national/politics/…/public-debt-climbs-by-27m-a-day

    That suggests that English knew the borrowing would continue way past the ”books back in black” bullshit of this years budget,

    Even the Herald says the same in this years budget coverage, in the one breath its ”the balanced budget”, turn the face the other way, and a couple of paragraphs later we have the same ”debt will peak in years 2016/17”

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

    It’s a swindle, one of those card tricks done right in front of everyone’s face, the headline yells ”books back in surplus” the rest either doesn’t sink in or the people don’t bother to read the whole story…

    • One Anonymous Bloke 6.1

      A swindle? It’s a Sex Pistols economy.

      • bad12 6.1.1

        i am assuming that English and Slippery are gambling lots on a third term, the fiscal gap would be plugged with a drip feed from the asset sales cash and an empty bank account dripping in red ink will be the legacy…

  7. ropata 7

    the economy is great if you happen to be a hollywood mogul, or chinese/russion oligarch, or multinational corporation looking for a small country to buy

  8. Jepenseque 8

    Gee fair bit of negativity here! You get the sense those on the left would love a good bit of failure for little old NZ! Fact is that tax reciepts are notoriously volatile, there are swings and roundabouts but the trend is clear. Tax up 4.6% year on year. Well done all the workers and business owners out there. Cheers

    • One Anonymous Bloke 8.1

      Nine years of surpluses means the left has the ground from which to criticise, not to mention the economic competence and lowest unemployment rate in NZ history. Cheers.

    • Tracey 8.2

      gee you havent known negativity until you were online during year after year of labour surpluses, the right could still see the sky falling

  9. Tamaki 9

    Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.

  10. Deemac 10

    Maybe rock star economy because there are a few very rich people at the top while the masses can only watch?

  11. dave 11

    Log and milk powder prices tumbling interest rate on the rise ,housing bubble yes this rock star is past it used by date i wonder if there will be a credit down grade you would have to think so

Recent Comments

Recent Posts

  • Building back better
    It’s a three-week recess in Parliament – so, no bills are going through the House and no select committees are meeting. But the hard work of our ministers continues, and many of our MPs are back in their electorates, taking the opportunity to meet with local communities and businesses about ...
    4 days ago
  • Greens call for a Warrant of Fitness for rental homes
    The Green Party is launching a petition today calling on the Government’s Healthy Homes Standards to be backed up with a proper Warrant of Fitness (WoF) for rental homes. ...
    1 week ago
  • Securing our recovery: By the numbers
    Our plan to secure New Zealand’s recovery from COVID-19 is working, with the past three months seeing the second-highest number of people moved off a main benefit into work since records began. ...
    2 weeks ago
  • More Kiwis in work through recovery plan
    The latest statistics show the Government’s focus on jobs is working. The net number of people on a main benefit dropped by around 11,190 people during the past three months, with around 31,240 people moving off a benefit into work. ...
    2 weeks ago
  • Green Party appoints new Chief of Staff
    The Green Party has appointed a new Parliamentary Chief of Staff, Robin Campbell. ...
    2 weeks ago

  • Warmer Kiwi Homes smashes annual target
    The Government's highly successful insulation and heating programme, Warmer Kiwi Homes, is celebrating a key milestone with the completion of more than 38,000 insulation and efficient heater installs in the year to the end of June, smashing its target of 25,000 installs for the year. “The Warmer Kiwi Homes scheme ...
    BeehiveBy beehive.govt.nz
    10 hours ago
  • Exemption granted for Wallabies to enter NZ
    Bledisloe Cup rugby will be played in New Zealand after the Australian rugby team received an economic exemption to enter New Zealand. Travel between Australia and New Zealand was suspended on Friday for at least eight weeks following the worsening of the COVID outbreak across the Tasman. New Zealanders have ...
    BeehiveBy beehive.govt.nz
    10 hours ago
  • Minister of Foreign Affairs makes three diplomatic appointments
    Foreign Affairs Minister Nanaia Mahuta today announced three New Zealand Head of Mission appointments. They are: Mike Walsh as Ambassador to Iran Michael Upton as Ambassador to Ethiopia and the African Union Kevin Burnett as Ambassador to Indonesia Iran “Aotearoa New Zealand has a long-standing and constructive relationship with Iran, despite a ...
    BeehiveBy beehive.govt.nz
    13 hours ago
  • Enhanced Task Force Green Approved for West Coast and Marlborough
    The Government has activated Enhanced Task Force Green (ETFG) in response to the West Coast and Marlborough floods, Social Development and Employment Minister Carmel Sepuloni announced today. “To assist with the clean-up, up to $500,000 will be made available to support the recovery in Buller and Marlborough which has experienced ...
    BeehiveBy beehive.govt.nz
    13 hours ago
  • Govt support for upgrade of Eden Park players facilities
    Minister for Sport and Recreation Hon Grant Robertson has announced funding to upgrade the players facilities at Eden Park ahead of upcoming Women’s World Cup events. Eden Park is a confirmed venue for the Rugby World Cup 2021, the ICC Women’s Cricket World Cup 2022, and a proposed venue for matches of ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • More jobs and quicker public transport motoring towards West Auckland
    Work to improve public transport for West Aucklanders and support the region’s economic recovery by creating hundreds of jobs has officially kicked off, Transport Minister Michael Wood announced today. Michael Wood and Auckland Mayor Phil Goff this morning marked the start of construction on the Northwestern Bus Improvements project. It ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Government backs critical health research
    Research into some of New Zealanders’ biggest health concerns including cancer, diabetes, and heart disease is getting crucial support in the latest round of health research funding, Health Minister Andrew Little announced today. The funding, awarded through the Health Research Council of New Zealand, covers 31 General Project grants ($36.64 ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • New Bay of Islands hospital facilities to bring services closer to home
    Prime Minister Jacinda Ardern and Health Minister Andrew Little have joined a ceremony to bless the site and workers for Phase Two of the redevelopment of the Bay of Islands Hospital in Kawakawa today. The new building will house outpatients and primary care facilities, as well as expanded renal care ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Cabinet accepts Turkish authorities’ request for the managed return of three NZ citizens
    Cabinet has agreed to the managed return of a New Zealand citizen and her two young children from Turkey, Prime Minister Jacinda Ardern announced today. The three have been in immigration detention in Turkey since crossing the border from Syria earlier this year. Turkey has requested that New Zealand repatriate ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt delivers more classrooms so children can focus on learning
    Extra Government investment in classrooms and school building projects will enable students and teachers to focus on education rather than overcrowding as school rolls grow across the country, Prime Minister Jacinda Ardern and Associate Education Minister Kelvin Davis say. The pair visited Ruakākā School in Whangārei today to announce $100 ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New station a platform for AirportLink to take off
    Every Aucklander with access to the rail network will now have a quick and convenient trip to the airport, Transport Minister Michael Wood and Auckland Mayor Phil Goff said during the official opening of the new Puhinui Interchange today. The new interchange links the rail platform with a new bus ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • 10 days sick leave for employees delivered
    Legislation doubling employees’ minimum sick leave entitlement to 10 days comes into effect today, bringing benefits to both businesses and employees, Workplace Relations and Safety Minister Michael Wood announced today. “Our Government is delivering on a key manifesto commitment to help Kiwis and workplaces stay healthy,” Michael Wood said. “COVID-19 ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Prime Minister congratulates Fiame Naomi Mata’afa on Election Win
    Prime Minister Jacinda Ardern tonight congratulated Prime Minister-elect Fiame Naomi Mata’afa on her victory in the Samoa’s general election. “New Zealand has a special relationship with Samoa, anchored in the Treaty of Friendship. We look forward to working with Samoa’s new government in the spirit of partnership that characterises this ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Quarantine Free Travel with Australia suspended
    Quarantine Free Travel from all Australian states and territories to New Zealand is being suspended as the Covid situation there worsens, Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris Hipkins announced today. From 11.59pm today Australians will no longer be able to enter New Zealand quarantine-free. This will be ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Growing conservation efforts in Gisborne
    A big injection of Jobs for Nature funding will create much-needed jobs and financial security for families in TeTairāwhiti, and has exciting prospects for conservation in the region, Conservation Minister Kiri Allan says. “The projects target local communities most affected by the economic consequences of COVID 19 and are designed ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Flood recovery given further assistance
    The Government is contributing a further $1 million to help the flood battered Buller community, Acting Emergency Management Minister Kris Faafoi announced today. “Buller is a small community which has found itself suddenly facing significant and ongoing welfare costs. While many emergency welfare costs are reimbursed by Government, this money ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Funding for five projects to reduce food waste
    The Government is funding five projects to help address the growing problem of food waste, Environment Minister David Parker announced today. “New Zealand households throw away nearly 300,000 tonnes of food every year, half of which could still be eaten. By supporting these initiatives, we’re taking steps to reduce this ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Temporary Accommodation Service activated for West Coast flooding event
    The Temporary Accommodation Service (TAS) has been activated today - meaning residents on the West Coast of the South Island and in the Marlborough region hit by flooding over the weekend can now access help finding temporary accommodation, announced Associate Minister of Housing (Public Housing) Poto Williams in Westport today. ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Pause to Quarantine Free Travel from South Australia to New Zealand
    Quarantine Free Travel from South Australia to New Zealand will be paused from 11.59am (NZT) tonight, COVID-19 Response Minister Chris Hipkins has announced. However, people currently in the state who ordinarily live in New Zealand will be able to return on “managed return” flights starting with the next available flight, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand condemns malicious cyber activity by Chinese state-sponsored actors
    New Zealand has established links between Chinese state-sponsored actors known as Advanced Persistent Threat 40 (APT40) and malicious cyber activity in New Zealand. “The GCSB has worked through a robust technical attribution process in relation to this activity. New Zealand is today joining other countries in strongly condemning this malicious ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Remarks to Diplomatic Corps
    It is a pleasure to be with you all this evening. Some of you may have been surprised when you received an invitation from the Minister of Disarmament and Arms Control, and I would forgive you if you were. New Zealand is unique in having established a Ministerial portfolio ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Early Pfizer shipment boosts vaccine schedule
    The largest shipment of the Pfizer vaccine to date has arrived into New Zealand two days ahead of schedule, and doses are already being delivered to vaccination centres around the country, COVID-19 Response Minister Chris Hipkins says. “The shipment of more than 370,000 doses reached New Zealand yesterday, following a ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Backing for Bay of Islands predator free effort
    The Government is throwing its support behind an ambitious project to restore native biodiversity and build long-term conservation careers, Conservation Minister Kiri Allan says. Predator Free Bay of Islands aims to eradicate predators from the three main peninsulas in the region, and significantly reduce their impact throughout the wider 80,000-plus ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government commits $600,000 to flood recovery
    The Government is contributing $600,000 to help residents affected by the weekend’s violent weather with recovery efforts. Acting Minister for Emergency Management Kris Faafoi and Agriculture Minister Damien O’Connor have been in the Buller district this afternoon to assess flood damage and support the local response effort. They have announced ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government assisting local responses to heavy rainfall and high wind
    Acting Minister of Emergency Management Kris Faafoi says Central Government is monitoring the severe weather across the country, and is ready to provide further support to those affected if necessary. “My thoughts are with everyone who has been affected by this latest event, particularly communities on the West Coast and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • PM Ardern chairs APEC Leaders’ meeting on COVID-19
    New Zealand Prime Minister Jacinda Ardern has chaired a meeting of Leaders representing the 21 APEC economies overnight. “For the first time in APEC’s history Leaders have come together for an extraordinary meeting focused exclusively on COVID-19, and how our region can navigate out of the worst health and economic ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Health Minister welcomes progress on nurses’ pay
    The New Zealand Nurses Organisation’s decision to take the Government’s improved pay offer to members and to lift strike notices is a positive move towards settling district health board nurses’ pay claims, Health Minister Andrew Little said. “It’s encouraging that the discussions between NZNO and DHBs over the nurses’ employment ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Boost for Pacific regional business
    Pacific businesses will get a much-needed financial boost as they recover from the effects of the COVID-19 pandemic thanks to the new Pacific Aotearoa Regional Enterprise Fund, said Minister for Pacific Peoples Aupito William Sio.  The new $2 million fund will co-invest in Pacific business projects and initiatives to create ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • PM Ardern call with President Biden
    Prime Minister Jacinda Ardern spoke with US President Biden this morning, ahead of the APEC Informal Leaders’ Retreat on COVID-19. “President Biden and I discussed the forthcoming APEC leaders meeting and the critical importance of working together as a region to navigate out of the COVID-19 pandemic”, Jacinda Ardern said. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Renewed partnership creates jobs for New Zealand youth
    The Government has signed a new memorandum of understanding (MoU) with the Mayors Taskforce for Jobs, strengthening the partnership to get more young people into work.  The Mayors Taskforce for Jobs (MTFJ) is a nationwide network of all Mayors in New Zealand, who are committed to making sure all young ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • South Island areas prioritised in tourism fund
    Five South Island areas are prioritised in the latest round of decisions from a tourism fund that is supporting infrastructure projects from Cape Reinga to Stewart Island and the Chathams. Tourism Minister Stuart Nash has announced details of 57 nationwide projects to receive support from the Tourism Infrastructure Fund (TIF). ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New code sets clear expectations for learner safety and wellbeing in tertiary education
    A new code of practice for the pastoral care of domestic tertiary and international students will be in place from January next year, Education Minister Chris Hipkins announced today The code, which makes clear that creating an environment that supports learning and wellbeing is a shared responsibility between tertiary providers, ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • First TAB New Zealand Board appointments announced
    The members of the first TAB NZ Board come with experience in racing and sport administration, business and governance, the betting industry, broadcasting and gambling harm minimisation. “This Board will progress from the excellent work done by the interim board, put in place in August 2020,” Grant Robertson said. “The ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Northland Maori Pathways initiative introduced
    The Government has today launched Māori Pathways at Northland Region Corrections Facility, a ground-breaking series of initiatives designed in partnership with Māori to reduce re-offending and improve outcomes for whānau. A key part of the Hōkai Rangi strategy, Māori Pathways looks to achieve long-term change and involves a number of ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Extended Essential Skills visas being rolled out
    Two year Essential Skills visa to provide certainty to at least 18,000 visa holders Streamlined application process to benefit at least 57,000 visa holders The Government is increasing the duration of some Essential Skills visas and streamlining the application process to provide more certainty to employers and visa holders while ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Pause to Quarantine Free Travel from Victoria to New Zealand
    Quarantine Free Travel from Victoria to New Zealand will be paused from 1.59am (NZT) Friday, COVID-19 Response Minister Chris Hipkins has announced. The decision follows updated public health advice from New Zealand officials and a growing number of cases and locations of interest. The pause will run for at least ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Hydrogen arrangement signed with Singapore
    The signing of an Arrangement of Cooperation on low-carbon hydrogen with Singapore heralds the start of greater collaboration between it and New Zealand as both countries transition towards low carbon economies, says Energy and Resources Minister Megan Woods. The cooperation arrangement between New Zealand’s Ministry of Business, Innovation and Employment ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Hydrogen agreement signed with Singapore
    The signing of a Memorandum of Cooperation on low-carbon hydrogen with Singapore signals the start of greater collaboration between the two countries as they transition towards low carbon economies, says Energy and Resources Minister Dr Megan Woods. The cooperation agreement between New Zealand’s Ministry of Business, Innovation and Employment and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Speech to LGNZ Conference
    Kia ora koutou katoa and thank-you for the invitation to speak to you all today. I would like to acknowledge Local Government New Zealand President Stuart Crosby, and Chief Executive, Susan Freeman-Greene, Te Maruata Chair, Bonita Bigham, and our host, Mayor John Leggett. I also acknowledge all the elected members ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government to provide support for water reforms, jobs and growth
    The Government today announced a $2.5 billion package to support local government transition through the reforms to New Zealand’s drinking water, wastewater and stormwater services. The package will also stimulate local economies while creating jobs and unlocking infrastructure for housing. “New Zealand’s water systems are facing a significant crisis and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago