web analytics

NZ economic forecast “deteriorating”

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

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

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

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

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

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

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

51 comments on “NZ economic forecast “deteriorating” ”

  1. PlanetOrphan 1

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

  2. muzza 2

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

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

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

    • Lanthanide 2.1

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

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

    • Enough is Enough 2.2

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

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

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

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

      • muzza 2.2.1

        Quite!

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

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

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

      • tc 2.2.2

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

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

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

        • Enough is Enough 2.2.2.1

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

      • burt 2.2.3

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

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

        • Colonial Viper 2.2.3.1

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

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

    • Molly 2.3

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

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

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

    • burt 2.4

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

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

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

      • fatty 2.4.1

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

        Good point…but you clearly mean capitalism, not socialism

      • geoff 2.4.2

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

        FTFY

    • Daveosaurus 2.5

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

      Meanwhile, back in the real world…

  3. Colonial Viper 3

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

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

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

    • PlanetOrphan 3.1

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

  4. Alinsky 4

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

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

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

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

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

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

    • Pete 4.1

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

      • muzza 4.1.1

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

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

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

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

        Stop kidding yourselves!

        • Pete 4.1.1.1

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

          • muzza 4.1.1.1.1

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

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

            • Pete 4.1.1.1.1.1

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

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

              • muzza

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

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

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

                CV – Indeed, then where…

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

                • McFlock

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

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

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

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

          • Colonial Viper 4.1.1.1.2

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

            • Lanthanide 4.1.1.1.2.1

              I agree with you and Pete, CV.

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

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

    • PlanetOrphan 4.2

      Also …

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

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

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

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

    • PolishPride 4.3

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

    • tc 4.4

      Kiwibank

    • Herodotus 4.5

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

  5. infused 5

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

    lol shit, April 1st already?

  6. geoff 6

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

    • Colonial Viper 6.1

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

      • geoff 6.1.1

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

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

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

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

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

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

  8. Afewknowthetruth 8

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

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

    • The Gormless Fool formerly known as Oleolebiscuitbarrell 8.1

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

      • Afewknowthetruth 8.1.1

        All truth passes through three stages.

        First it is ignored or ridiculed.

        Second it is violently opposed.

        Third it is accepted as being self-evident.

        Schopenhauer (1788-1860).

        • The Gormless Fool formerly known as Oleolebiscuitbarrell 8.1.1.1

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

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

          First, I was ignored or ridiculed.

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

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

          • Afewknowthetruth 8.1.1.1.1

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

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

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

Links to post

Recent Comments

Recent Posts

  • Regenerative agriculture research receives Government boost
    The Government continues to invest in farm sustainability, this time backing two new research projects to investigate the impacts of regenerative farming practices, Agriculture Minister Damien O’Connor announced today. Soil health and regenerative agriculture “We’re contributing $2.8 million to a $3.85 million five-year project with co-investment by Synlait Milk and ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • David McLean appointed as KiwiRail chair
    David McLean has been appointed as Chair of KiwiRail Holdings Ltd, the Minister for State Owned Enterprises Dr David Clark and Minister of Finance Grant Robertson announced today. “Minister Clark and I are confident that David’s extensive business knowledge and leadership experience, including his time as former Chief Executive and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Ambassador to Turkey announced
    Foreign Affairs Minister Nanaia Mahuta today announced the appointment of Zoe Coulson-Sinclair as New Zealand’s next Ambassador to Turkey. “Aotearoa New Zealand and Turkey’s relationship is one of mutual respect and underpinned by our shared Gallipoli experience,” Nanaia Mahuta said. “Turkey is also a generous ANZAC Day host and has ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Announcement of new Consul-General in Guangzhou
    Foreign Affairs Minister Nanaia Mahuta today announced the appointment of Rachel Crump as New Zealand’s next Consul-General in Guangzhou, China. “China is one of Aotearoa New Zealand’s most significant relationships – it is our largest trading partner, and an influential regional and global actor,” Nanaia Mahuta said. “As the capital of ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government marks International Day of Persons with Disabilities
    The Government joins the disabled community of Aotearoa New Zealand in marking and celebrating the International Day of Persons with Disabilities, Minister for Disabilty Issues Carmel Sepuloni said. The theme for this year’s International Day of Persons with Disabilities is “Leadership and participation of persons with disabilities toward an inclusive, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Deputy Inspector-General of Intelligence and Security, and Advisory panel member appointed
    Prime Minister Jacinda Ardern has announced the appointments of Graeme Speden as the Deputy Inspector-General of Intelligence and Security, and Ben Bateman as a member of the Inspector-General’s Advisory Panel.  “These are significant roles that assist the Inspector-General with independent oversight of New Zealand’s intelligence agencies,” Jacinda Ardern said. “While ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Five million COVID-19 tests processed
    Associate Minister of Health, Dr Ayesha Verrall has congratulated testing teams right around New Zealand for reaching the five million tests milestone. Today, an additional 31,780 tests were processed, taking the total since the beginning of the pandemic in 2020 to 5,005,959. “This really is an incredible and sustained team ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Funding for extra ICU capacity
    Care for the sickest New Zealanders is getting a major boost from the Government, with plans to spend hundreds of millions of dollars on expanding intensive care-type services, Health Minister Andrew Little announced today. “Through good planning, we have avoided what the COVID-19 pandemic has done in some countries, where ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • “THE LEGAL AND CONSTITUTIONAL IMPLICATIONS OF NEW ZEALAND’S FIGHT AGAINST COVID.”
    Speech to the New Zealand Centre for Public Law Tēnā koutou katoa Thank you for providing this opportunity to speak with you today as Attorney General. I’m here to talk about the constitutional consequences of Covid -19. I love the law. The way it exists with the consent of the ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • The legal and constitutional implications of New Zealand’s fight against COVID
    Speech to the New Zealand Centre for Public Law Tēnā koutou katoa Thank you for providing this opportunity to speak with you today as Attorney General. I’m here to talk about the constitutional consequences of Covid -19. I love the law. The way it exists with the consent of the ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Pharmac Review interim report released
    Health Minister Andrew Little has released an interim report by an independent panel reviewing the national pharmaceuticals-buying agency Pharmac. Pharmac was established in 1993 and is responsible for purchasing publicly funded medicines for New Zealanders, including those prescribed by GPs or administered in hospitals. The review, chaired by former Consumer ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Appointment to Network for Learning board
    Former MP Clare Curran has been appointed to the board of Crown company Network for Learning (N4L), Education Minister Chris Hipkins says. Hon Clare Curran served as a Member of Parliament for Dunedin South from 2008-2010. During this time, she held a number of ministerial portfolios including Broadcasting, Communications and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Putting home ownership within reach of Pacific Aotearoa
    Pacific community groups and organisations will get tools to help them achieve home ownership with the implementation of the Ministry for Pacific Peoples (MPP) Pacific Housing Initiative, said Pacific Peoples Minister Aupito William Sio. In July 2021, MPP launched the Pacific Community Housing Provider Registration Support programme and the Pacific ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Coastal shipping will help keep New Zealand’s supply chain buoyant
    Transport Minister Michael Wood today welcomed the release of the Coastal Shipping Investment Approach State-of-Play report as an important step towards a more sustainable coastal shipping sector, which will further diversify New Zealand’s supply chain. “This Government is committed to strengthening our domestic supply chain by making coastal shipping a ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Response to Human Rights Commission's reports into violence towards disable people
    Tēnā koutou, tēnā koutou, tēnā tātou katoa.   Thank you for that introduction Hemi and thank you for inviting me to respond on behalf of Government to the release of these two important reports (Whakamanahia Te Tiriti, Whakahaumarutia te Tangata -Honour the Treaty, Protect the Person and Whakamahia te Tūkino kore ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Law change strengthens petroleum decommissioning regulation
    Petroleum permit and licence holders operating in New Zealand will now have an explicit statutory requirement to carry out and fund the decommissioning of oil and gas fields after a new law was given Royal assent today, says Energy and Resources Minister Dr Megan Woods. Once in effect The Crown ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New Zealand Response to assist peace and stability in Solomon Islands
    The New Zealand government has announced that it will deploy Defence Force and Police personnel to Honiara to help restore peace and stability. “New Zealand is committed to its responsibilities and playing its part in upholding regional security,” Prime Minister Jacinda Ardern said.  “We are deeply concerned by the recent ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Continued growth in volume of new home consents
    In the year ended October 2021, 47,715 new homes were consented, up 26 per cent from the October 2020 year. In October 2021, 4,043 new dwellings were consented Canterbury’s new homes consented numbers rose 31% to higher than post-earthquake peak. New home consents continue to reach remarkable levels of growth, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Saddle up for summer with cycle trail funding
    New investment will keep the best of New Zealand’s cycle trails in top condition as regions prepare to welcome back Kiwi visitors over summer and international tourists from next year. “Cycle tourism is one of the most popular ways to see the country ‘off the beaten track’ but the trails ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New Zealand provides additional funding to COVAX for vaccine delivery
    Foreign Affairs Minister Nanaia Mahuta today announced additional funding will be provided to COVAX to support vaccine delivery in developing countries. “New Zealand remains cognisant of the dangers of COVID-19, especially as new variants continue to emerge. No one is safe from this virus until we all are and this ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • COVID-19 Community fund providing support for 160 organisations focused on women and girls
    Minister for Women Jan Tinetti today announced financial support will be allocated to the 160 successful applicants for the COVID-19 Community Fund, to support organisations helping women/wāhine and girls/kōtiro in Aotearoa New Zealand affected by the pandemic. “COVID-19 has had a disproportionate effect on women around the world including in ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government delivers reactivation package as Aucklanders reconnect for summer
    A new support package will help revive economic, social and cultural activities in our largest city over summer, and ensure those in hardship also get relief. The Social Development and Employment Minister Carmel Sepuloni and the Economic and Regional Development Minister Stuart Nash have announced a Reactivating Tāmaki Makaurau Auckland ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Mobile services and broadband come to Chatham Islands for first time
    World class mobile and broadband services have been switched on for the 663 residents of the Chatham Islands, Minister for the Digital Economy and Communications, David Clark and Minister for Economic and Regional Development, Stuart Nash announced today. “This eagerly awaited network will provide fast broadband and mobile services to ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Crown accounts reflect strong economy amid pandemic
    The Government’s financial accounts continue to reflect an economy that has performed better than expected, despite the latest Delta COVID-19 outbreak. The Crown accounts for the four months to the end of October factors in the improved starting position for the new financial year. Core Crown tax revenue was $2.5 ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Applications open for new 2021 Resident Visa
    The first round of applications for New Zealand’s new 2021 Resident visa open today (6am). “This one-off pathway provides certainty for a great many migrant families who have faced disruption because of COVID-19 and it will help retain the skills New Zealand businesses need to support the economic recovery,” Minister ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • More Vietnam Veterans to receive compensation for Agent Orange Exposure
    Minister for Veterans, the Hon Meka Whaitiri announced today that two new conditions associated with Agent Orange exposure have been added to the Prescribed Conditions List. Under the 2006 Memorandum of Understanding signed between the Crown and representatives of Vietnam veterans and the Royal New Zealand RSA. Vietnam veterans in ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government commits to international effort to ban and regulate killer robots
    Minister of Disarmament and Arms Control Phil Twyford announced today that New Zealand will push for new international law to ban and regulate autonomous weapons systems (AWS), which once activated can select and engage targets without further human intervention. “While the evidence suggests fully autonomous weapons systems are not yet ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New freedom camping rules – right vehicle, right place
    Tougher freedom camping laws will be introduced to prevent abuse which has placed an unfair burden on small communities and damaged our reputation as a high quality visitor destination. Tourism Minister Stuart Nash has confirmed that new legislation will be introduced to Parliament following an extensive round of public consultation ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government invests to support a classic Kiwi summer
    Vaccinated New Zealanders can look forward to Kiwi summer events with confidence, while artists and crew will have more certainty, following the launch of details of the Arts and Culture Event Support Scheme, Minister for Arts, Culture and Heritage Carmel Sepuloni announced today. “The Government recognises that the arts and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Grace period for expired driver licences cruises into 2022
    Due to the ongoing Delta outbreak and extended lockdowns, all New Zealand driver licences and licence endorsements that expired on or after 21 July 2021 will now be valid until 31 May 2022, Transport Minister Michael Wood announced today. “This further extension to the validity of driver licenses recognises that ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Delivered: 1,000 extra transitional homes
    A further 1,000 transitional homes delivered  New housing development starts in Flaxmere, Hastings  The Government has delivered the next 1,000 transitional housing places it promised, as part of its work to reduce homelessness. Housing Minister Dr Megan Woods is marking the milestone in Hastings at a new development that includes ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Traffic light levels announced
    The levels at which different parts of New Zealand will move forward into the COVID-19 Protection Framework this Friday have been announced. Northland, Auckland, Taupō and Rotorua Lakes Districts, Kawerau, Whakatane, Ōpōtiki Districts, Gisborne District, Wairoa District, Rangitikei, Whanganui and Ruapehu Districts will move in at Red The rest of ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Financial support to move to traffic light system
    A new transition payment will be made available particularly for affected businesses in Auckland, Waikato and Northland to acknowledge the restrictions they have faced under the higher Alert Levels. Transition payment of up to $24,000 as businesses move into traffic light system Leave Support Scheme and Short Term Absence Payment ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New Ambassador to Russia announced
    Foreign Affairs Minister Nanaia Mahuta today announced the appointment of Sarah Walsh as New Zealand’s next Ambassador to Russia. “Aotearoa New Zealand and Russia have a long-standing relationship, engaging on a range of regional and global interests including disarmament and Antarctica issues. We also work together as members of the East ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New Permanent Representative to the UN announced
    Foreign Affairs Minister Nanaia Mahuta today announced the appointment of Carolyn Schwalger as Permanent Representative to the New Zealand Permanent Mission to the United Nations in New York. “Aotearoa New Zealand is a founding member of the UN and we have worked hard to ensure our stance on human rights, ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Further COVID-19 economic support for Cook Islands and Fiji announced
    Foreign Affairs Minister Nanaia Mahuta today announced a further package of support for the Cook Islands and Fiji for COVID-19 economic support and recovery. “Aotearoa New Zealand remains committed to supporting our Pacific fanau and vuvale to respond to the impacts of COVID-19 on their economies, and move towards long-term ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New law will clear the air for tamariki in vehicles
    From today, it’s illegal to smoke or vape in most vehicles carrying children aged under 18 years old - whether the vehicle is moving or not. “Second-hand smoke poses an unacceptable risk to our tamariki and rangatahi,” Associate Minister of Health Dr Ayesha Verrall said. “We know children in vehicles ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Nine countries designated very high risk
    Nine southern African countries are being added to the very high risk countries list following public health advice around the newly discovered COVID-19 variant Omicron, COVID-19 Response Minister Chris Hipkins said. This afternoon, a public health risk assessment was carried out to assess the emerging evidence and any risk to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Foreign Affairs Minister concludes final stage of world trip
    Foreign Affairs Minister Hon Nanaia Mahuta today departed North America to return home to Aotearoa, concluding the last stage of her 17-day world trip. The final leg of her trip saw her visit the United States of America and Canada for a number of high-level discussions. While in Washington D.C., ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Milestone launch of Pacific Languages Unit
    Today’s official launch of the Pacific Languages Unit is a milestone for our Pacific communities, the Minister for Pacific Peoples, Aupito William Sio said. The Pacific Languages Unit brings together a new set of language supports within the Ministry for Pacific Peoples to provide advice, commission research, maintain standards, promote ...
    BeehiveBy beehive.govt.nz
    1 week ago