web analytics

Spin-busting: Govt could have used surpluses for tax cuts

Written By: - Date published: 2:37 pm, October 6th, 2008 - 28 comments
Categories: economy, election 2008, labour, national - Tags:

With the economic situation deteriorating the surpluses the Government has run for the first eight years have turned to a deficit. National’s line now is that the Government ‘suquendered’ these surpluses when it could have been cutting taxes. As if when the Government runs a surplus it takes the extra money out and burns it.

What actually happened? The Government used those surpluses. The $2 billion a year for the Superannuation Fund comes out of the operating surplus, as does other capital investment. The Government reduced net debt from $22 billion in 1999 to $2 billion in 2008. The fact that there were structural operating surpluses allowed the Government to fund the Working for Families tax credits, Kiwisaver, other new spending and the $10.6 billion tax cuts package that started to take effect last Wednesday. National now supports all of those spending programmes.

If we had done what Key is saying we should have done (he doesn’t really believe it, of course) and used all the operating surpluses on tax cuts then there would be no WfF, no Kiwisaver, none of the other spending increases, no Superannuation Fund, no additional capital investment like the extra billion Labour put into transport in 2006. And we would still be holding all that extra debt. National doesn’t want to acknowledge it but there’s always a trade-off with tax-cuts, something else has to be given up.

Hypocritically, National both supports the policies that have been paid for by the surpluses and says we should have had tax cuts instead. They just hope the voters won’t consider that. Once again, their argument depends on their audience’s ignorance.

28 comments on “Spin-busting: Govt could have used surpluses for tax cuts”

  1. vidiot 1

    And just in are the Treasury Figures:

    Key figures from the fiscal update include:

    * Gross government debt to rise from 17.4 per cent of GDP to 24.3 per cent by 2013 against the Government’s target of 20 per cent of GDP on average.

    * Growth expected to be only 0.1 per cent by March 2009 before lifting to 1.8 per cent and then 3.3 per cent in the following two years.

    * The budget deficit (OBEGAL) forecast to be $64 million next year rising to $1.7 billion by 2010 and staying in deficit for 10 years.

    * A cash surplus of $2 billion in the year to June falling to a projected cash deficit of $5.9 billion in 2008/2009 and further deficits over the next four years rising to $7.3 billion by 2012. In the May budget cash deficits were forced to average $3.5 billion.

    * Dollar to decline in value by 22.7 percent by 2013.

    * 90-day interest rates falling from 8.8 per cent to 6.3 per cent by 2013

    * $496 million is all that is left in next year’s budget for new spending promises

    * Unemployment tipped to rise above 5 per cent by 2010

    * Inflation forecast to rise to 4.5 per cent by March 2009 before falling back to just under 2.5 per cent.

    * Tax revenue for the next three years to be lower on average by around $900 million.

    * The government reported a surplus for the year to June 2008 (OBEGAL) of $5.6 billion.

    So who ate all them pies ?

  2. higherstandard 3

    Or Gerry ?

    Although I suspect Nicki Haggar has secret emails to show that John Key or Don Brash are at the bottom of this

  3. NeillR 4

    Oh dear, oh dear. So instead of a tax cut for all New Zealanders, we got lumped with the horrendous WFF, which turned the middle class into welfare beneficiaries. And on top of that, more bureaucrats to oversee the whole mess. Yet in the face of massive forecast budget deficits (which make the whole WFF unaffordable) you attempt to justify the greatest economic vandalism the country’s seen since universal unemployment entitlements and the DPB.

    [lprent: Yawn – yet another troll. Looks like this one wants to roll the world back to the stone age. And its previous comments show the same level of ill-informed neolithic logic.

    I couldn’t believe an earlier comment that this pinbrain made. He said that there had been out-of-control inflation under Cullen. It seems kind of obvious that it missed the 1970’s, 1980’s, and even 1990’s. Must have had a direct time-warp from the 1950’s, because I remember what massive inflation was like here. When I started work it was heading towards 20% – not 5%. This dillbrain probably thinks that a Honda City is a high performance car]

  4. noxxano 5

    Stop defending that bastard Cullen. Labour´s goose is cooked and you bloody know it.

    Go now, go now, and maintain some decency (maybe toomuch too ask)!

  5. randal 6

    natoinal are supposed to be the party of business but so far there is not one proposal for new business. they are just going to creep round the national accounts and slice off anything they can get their greasy hands on. Its not trickle down its slurp slurp gimme sum more.

  6. well, you’ve convinced me noxxano. my fact-based economic arguments are just no match for your bile.

  7. Noxanno, your intellectual veracity is compelling.

    Kiwis shouldn’t try and resist the the approaching tide of free market fascism, but just learn to accept it, and do what your told. And ffs, be happy about it. Otherwise you are a commie.

    Go back to Kiwiblog, where your intellectual contemporaries might have anything more than utter cynicism and contempt for your bile.

  8. lprent 9

    I think noxxano is merely a refugee from the World of Warcraft. Or a bastardised bit of pig-latin where he pressed ‘n’ for the first letter rather than ‘p’. Does sound like a person you’d want to avoid because of the pox afterwards

  9. randal 10

    gee you are a tough guy noxious. calling the minister of finance bad names. does it make your puny little ego swell with vainglory you putrid little piece of shit

  10. NeillR 11

    “I couldn’t believe an earlier comment that this pinbrain made. He said that there had been out-of-control inflation under Cullen.”
    You attack the messenger rather than deal with the question. Ignoring your abuse for a second, can you tell me what it means when Cullen sets an inflation target at mid-range of 1-3% over the medium term, but we have only been able to achieve that once in the last four years?

    [it means that the world has witnessed an unprecedented increase in the price of the fuel on which our civilisation runs. You have to show causation, NeillR, merely showing something bad happened when a govt was in power is not enough. Govts are not omnipotent. SP]

  11. Funny debate.

    Cullen ought to be praised as our best finance minister, bar none.

    Because Labour has refused to jump on the tax cut bandwagon and invested in superannuation and paid off debt over the past 9 years NZ is in a very good position to ride this out. Unemployment peaking at 5%, we should be so lucky. Government debt will go up to 24% of GDP, this is far better than historical levels.

    And what do the right bray for,

    1. Tax cuts,
    2. Less bureaucracy,
    3. Less Government,
    4. More freedom for private enterprise, including the freedom for merchant bankers to charge excessive fees and destroy institutions.

    This sounds just like George Bush’s USA where the world’s current economic problems have originated.

    I look forward to the day when a right winger will apologise and say they are wrong and the centre left idea of the role of Government is actually the better role.

  12. lprent 13

    NeillR: NZ is pretty open to world markets in particular for incoming investment and cost increases on imported goods. It also have a floating exchange rate.

    Over the last 6 years the NZ/US exchange rate (which a lot of our imports are denoted in) has been down as low as under 50c and over 80c. On its own this has caused massive changes in imported inflation. Not to mention it has made my exporting ‘interesting’.

    We have also had major changes in fuel prices, a major housing price boom and bust, major changes in interest rates, and a steadily tightening skills shortage with consequent wage rises. These all also feed inflation.

    None of that is fully under any government control. What is surprising is how little inflation there has been. The reserve bank has been doing an awesome job.

    Now remember that I’ve lived through real inflation when we were hitting 20% annual inflation and massive interest rates. I’m afraid I think that your ideas are totally screwed. I’d suggest that you wake up and do some economics so you can appreciate exactly how good a job the reserve bank has been doing.

    BTW: Cullen doesn’t try to control inflation. That is Bollards job. Perhaps you should add some self-education about the responsibilities inside the governance structures in NZ.

  13. Bill 14

    I might say that I don’t know why I didn’t see this on the TV news…could it be that it was not regarded as news!? Nah, surely not.

    “On Saturday, clearly aware that they could be facing the worst economic crisis since the 1930s, the four leaders (of Germany, France, Italy and Germany) backed Sarkozy’s call for a global summit to draw up a new international financial system to replace the one adopted at Bretton Woods in 1944.

    Sarkozy urged a summit of the G8 countries, together with China, India, South Africa, Brazil, Mexico and Indonesia, by next month at the latest.”

    http://www.guardian.co.uk/business/2008/oct/06/europe.germany

    And, if you wanted to contemplate just how much shit might eventually be hitting the fan, it seems that it was not just mortgages that were packaged and sold on, but credit card debt too! An interesting, well worth the read analysis is at http://www.counterpunch.org/ by Paul Craig Roberts, former Assistant Secretary of the Treasury in the Reagan administration.

    Go, John, GO!

  14. lprent 15

    ms: Exactly – the current low level of government debt is a awesome achievement. Not only have we killed the massive debt left over from the Muldoon government, we have also started to minimize the forward debt by starting to deal with the liability of an aging population with our superannuation scheme.

    Of course the implications of this are probably beyond some peoples level of understanding. The last thing we need is some irresponsible policy from the Nat’s destroying that for a short-term electoral advantage. But that is really the hallmark of the Nat’s. They have a strong track record of trying to destroy the economy over the last 30 years. The current lot look just as fiscally irresponsible.

  15. milo 16

    Gee Lprent, what you have just described sounds a lot like “intergenerational theft” to me. Why should a 30-year old suffer to pay for previous governments (including Lange’s squandering of our foreign reserves in 1984), as well as her parents’ pensions?

    Meanwhile, the two words that seem unknown to this Government are “productivity growth”. Leaving ideology aside, that is one of the major problems with Working for Families. It is a very inefficient method of transfer payment, and this inefficiency directly hits economic productivity. Oh, and that train company looks like such a productive expenditure now, doesn’t it? Unlike previous Labour governments, this one seems to have given up on growing the size of the pie, and instead thinks the economy is a zero-sum game. They are currently being proven wrong in spades.

    Sigh, but why bother with arguments? When you accuse the Nat’s of “trying to destroy the economy” over the last thirty years, you are probably not amenable to arguments from facts or logic.

    Well, what about history then. I seem to recall that when the Nat’s took over in 1990, Labour was faced with a forecast $5 billion budget deficit, and apologised by saying “it’s only a forecast, we’ll manage it, that’s what governments do”. And here we are, 2008, facing cash deficits of nearly $6 billion, and the best we get from the Finance Minister is “steady as she goes”.

    Is this farce or tragedy?

  16. Pascal's bookie 17

    I hear hooten has discovered Keynes. Which when filtered through the needs of a tory hack, ‘means spend more and cut taxes’, presumably when the good times come back we revert to the ‘cut taxes, spend less and flog off the assets to pay off some of the debt’ plan.

    But this Labour government has wasted the good times, so can’t be trusted in the bad.

    Are they evil, stupid, both, or just made of fail?

  17. lprent 18

    milo: Most measures about productivity are a bit narrow. For the country as a whole having almost everyone who can employed, doing so, and paying taxes for the intergenerational debt seems like the most effective way of raising ‘productivity’.

    Besides you’re daft. The Cullen fund is meant to peak on its outgoings in about 2050. Isn’t your hypothetical 30 year old also going to be a a pension bludger then? Oh thats right, they aren’t a bludger because they’ve paid (partially) for it in their taxes today.

    The actual beneficeries of the Muldoon stupidities about super are pretty much on it now. Perhaps you’re suggesting that we should throw them off the pension and put them back to work to pay for their excess in 1975 onwards? I can see that going down well with the 30 year olds when they get their parents bludging off them.

    The actual answer is to make sure that the short-sighted fools from the Nat’s don’t get control of the treasury benches.

  18. milo 19

    Yes Lprent, I agree most measures of productivity are a bit narrow. And so is this silly idea of GDP per capita. Or for that matter GDP purchasing power parity. Why not toss them out in favour of gross national happiness. Or maybe we could just measure the proportion of left wing votes as a proxy for national prosperity … .

    And it’s a bit rich to diss somebody for not knowing much about economics on another thread, and then to say the economists have got it all wrong on productivity measures on this thread. But I guess, consistency, hobgoblins, and all that. Mind you, it is the blogosphere, and I’m sure I’m equally guilty !

    But on my hypothetical thirty year old – I don’t think they’ll be getting National Super. The long-term playing out of the Kiwisaver policy will see to that. Just as compulsory super ensure the pension is means-tested in Australia, so Kiwisaver will lead to means testing in New Zealand. So they will get to pay again.

  19. NeillR 21

    NeillR: NZ is pretty open to world markets in particular for incoming investment and cost increases on imported goods. It also have a floating exchange rate.
    True, but these have little relevance to the state of inflation in the country. We have had excessive non-tradeables inflation for years – it sat above 3% for six years from 2002. Cullen is responsible for what happens in the domestic economy and he’s been a profligate waster.

    Now remember that I’ve lived through real inflation when we were hitting 20% annual inflation and massive interest rates. I’m afraid I think that your ideas are totally screwed. I’d suggest that you wake up and do some economics so you can appreciate exactly how good a job the reserve bank has been doing.
    You think i haven’t. And the condtions we are currently experiencing are the most similar i can remember since Muldoon. And for good reason – Cullen and Muldoon are cut from the same cloth. If it moves, tax it and then give some of it back and make the electorate feel grateful for their gain.
    And if the PREFU is anything to go by we are faced with the same result as the Muldoon years – low growth, high inflation and an economy that is a basketcase. Incidently, pretty much the same as when National came to power in 1990.
    And the RB has done a poor job since Bollard took over in 2002. They failed to raise rates fast enough when the housing market took off, and failed to act at all during 2005 when Cullen was out of control on his spending.

    BTW: Cullen doesn’t try to control inflation. That is Bollards job.
    Of course he does. Bollard is just the civil servant who gets to implement Cullen’s (and by extension – Labour’s) policy with respect to inflation (independently of course – *snigger*). The policy targets agreement is a pact between the government and the Reserve Bank, but the RB doesn’t tell the government what it’s contents will be.

  20. Milo

    You should reread your history books or at least get one based on reality.

    Muldoon squandered the country’s financial reserves. When Lange took over there were two weeks of reserves left and the Forex market was closed AND Muldoon refused to devalue even though he had been voted out.

    I am no fan of quite a bit of what the Lange Government did but their hands were tied by the shenanigans of the so called economic miracle worker.

    The country is in tremendous shape.

    Growth has been higher than that in mineral rich Australia.

    And productivity has not gone up because we are getting towwards full employment. If you sack 100,000 kiwis from their jobs you would be pleased with the productivity increase but appalled by the social carnage.

    The only chance for your 30 year old to get super is to keep supporting labour. The Cullen fund and kiwisaver are there precisely to address this problem. A merchant banker would never do this because it would make the next 3 months figures look slightly worse.

  21. milo 23

    mickysavage: Lange said he was going to have a large devaluation. As a result, a huge number of people took positions against the New Zealand dollar. Yes, there was a constitutional crises, as Muldoon (in caretaker mode) said I’m not devaluaing, let’s wait and these positions will reverse, as people won’t be able to maintain them. Lange won the day. So the reason reserves were so low was that Lange had effectively donated them to currency speculators, by enabling them to bet on a sure thing – a pre-announced devaluation. Stupid. Stupid. Stupid.

    Labour set up an enquiry into those issues straight away. Guess what happened? They closed it down before it reported. They wouldn’t have done that unless the results of the enquiry were damming to Labour.

  22. noxxano 24

    Whatever the argument in favor of Cullen is, the truth of the matter is that the arrogant professor of History is about to be retired as Finance minister. His demeanour towards the Kiwi electorate is very much to blame for the upcoming demise of the Labour Party.

    I look forward to reading the socialist stalwarts lurking around here after election day. Enjoy!

  23. Felix 25

    That’s “Doctor of Social and Economic History” to you, little brain.

  24. Ari 26

    If we had done what Key is saying we should have done (he doesn’t really believe it, of course)

    Oh no, he really does believe we should have cut taxes instead of paid off debt. Perhaps he realises that cutting taxes would be mutually exclusive with the policies he now supports, or perhaps not. Or perhaps he doesn’t really support them, he just knows he has to swallow a few dead rats to win the election.

  25. Phil 27

    he really does believe we should have cut taxes instead of paid off debt.

    With interest rates around the world falling, and inflation on the way up, now is exatly the time to be taking advantage of being in debt.

  26. Milo

    You can’t have been around then. In 1984 catatonic people in Hospital realised that the NZ dollar was overvalued and needed to be devalued. Despite losing the election Muldoon refused to do so even though he received specific instructions to do so. This was the closest thing we have ever had to a constitutional crisis. The old bugger almost killed the economy with think big and the wage and price freeze, he then started to dig the grave by refusing to devalue and was only stopped when McLay offered to be sworn as a caretaker PM to do what was necessary. How you can blame Lange for this is beyond me.

    In any event there were no overseas reserves left, the economy was in that bad shape.

    Typical debate, Cullen gets criticised for “squandering” an opportunity when the reality is that he has done extraordinarily well. And the right try and spread the blame away from where it should be laid, at the feet of their leaders for historic events.

Recent Comments

Recent Posts

  • Govt to protect jobs and businesses with extra support
    In-principle decision to extend wage subsidy to support businesses and protect jobs Support will be nationwide in recognition of Auckland’s position in NZ economy and the impact of Level 2 Mortgage deferral scheme to be extended to support households The Government is taking action to support businesses and protect jobs ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • National Does the Nation a Disservice
    Deputy Prime Minister Winston Peters today called for National Party and Opposition leader Judith Collins to stop undermining democracy. “New Zealanders are sadly being fed a steady stream of misinformation about the pre-election period from the National Party,” said Mr Peters. “Its effect is to sow doubt about the legitimacy ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech at the graduation of Wing 340
    Graduation of Wing 340 2pm, 13 August 2020, The Royal New Zealand Police College [CHECK AGAINST DELIVERY] Introduction Ladies and gentlemen, it is a privilege to be here today to celebrate the graduation of Wing 340. Let us begin by acknowledging the presence of Coalition Government colleague, Police Minister the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • More Police deployed for COVID efforts
    More Police are being deployed to the frontline to help manage the COVID response, after the graduation today of 56 new officers. “The ceremonies for the graduation of Wing 340 at the Royal New Zealand Police College were trimmed to take account of new Alert Level 2 restrictions in Wellington,” ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Transitional housing provides much needed support for Taumarunui whānau
                                                                     Transitional housing provides much needed support for Taumarunui whānau   New emergency and transitional homes will help ease a housing shortage in Taumarunui and provide whānau with much needed support, say Māori Development Minister, Nanaia Mahuta and Whānau Ora Minister, Peeni Henare.  The Ministers officially opened five two-bedroom units ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government announces plan to tackle problem plastics and seven single-use plastic items
    Following the success of the phase out of single-use plastic shopping bags, the Government now has plans to phase out more single-use and problem plastics to reduce waste and protect the environment announced Associate Minister for the Environment Eugenie Sage. The proposals are to phase-out: some hard-to-recycle PVC and polystyrene ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New opportunities for Kōpū marine facilities
    A commercial and industrial site in Thames-Coromandel will receive $8.2 million to revamp its marine-servicing infrastructure and create new economic development opportunities, Infrastructure Minister Shane Jones has announced. This project is being supported from the $3 billion ‘shovel ready’ fund set aside in Budget 2020 to kick-start the post COVID-19 ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • PM comments on Auckland COVID-19 case
    After 102 days we have our first cases of Covid-19 outside of a Managed Isolation or Quarantine facility in New Zealand. Shortly I will ask Dr Bloomfield to set out the details of the case. While we have all worked incredibly hard to prevent this scenario, we have also planned ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Significant investment in Raukūmara Pae Maunga to prevent Raukūmara forest collapse
    An iwi-Crown approach programme to restore the Raukūmara forest on the East Coast of the North Island and boost employment opportunities for whānau, particularly rangatahi/young people, will receive $34 million funding, Minister of Conservation Eugenie Sage has announced. “Raukūmara Pae Maunga is a partnership with Te Whānau-ā-Apanui, Ngāti Porou, and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New partnership central to delivering more Māori housing
    Government agencies and partners are working closer together to provide more Māori Housing through the Te MAIHI o te Whare Māori – the Māori and Iwi Housing Innovation Framework for Action (MAIHI). MAIHI is a kaupapa Māori approach that drives a system change to give effect and impact on Māori ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Manawatū Gorge replacement highway drives forward
    Site work is soon to begin on Te Ahu a Turanga: Manawatū Tararua Highway, the project to replace the former SH3 route through the Manawatū Gorge, Transport Minister Phil Twyford said today. Phil Twyford was today in Woodville at the signing of a formal agreement by members of the Alliance ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Pacific Ministers meet to discuss regional economic priorities
    The Pacific Islands Forum Economic Ministers Meeting (FEMM) begins today and will focus on the major economic and social impacts of COVID-19 on the Pacific.  FEMM is an important congregation of Economic Ministers and senior officials from around the region, and for the first time, the annual meeting will be ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Formal apology and payment to George Nepata
    Cabinet has approved a formal apology and ex gratia payment to former soldier George Nepata, announced Defence Minister Ron Mark. This payment is to recognise the New Zealand Defence Force’s failure to provide Mr Nepata with a safe system of work in April 1989 when, as a result of an ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Report into Iain Lees-Galloway’s expenditure
    A report undertaken by Ministerial Services into Iain Lees-Galloway’s ministerial expenditure has found no evidence of any inappropriate transactions or spending. Ministerial Services undertook a line by line review of all his expenditure, including staff and spouse expenses for the period 1 January 2019 to 30 June 2020.  “I commissioned ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Managed isolation charges to start 11 August
    Managed isolation charges for returnees will come into force from 12.01am Tuesday 11th August, after they passed their last cabinet milestone today, Housing Minister Megan Woods said. “The new charging system balances the rights of New Zealanders to return home and helps reduce pressure on the managed isolation and quarantine ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Update on New Zealand and the Cook Islands travel bubble
    The Prime Minister of New Zealand Jacinda Ardern and the Prime Minister of the Cook Islands Henry Puna have welcomed the completion of phase one in the establishment of a travel bubble between New Zealand and the Cook Island. Negotiations on the text of an ‘Arrangement to Facilitate Quarantine-Free Travel ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • One-stop ‘jobs and training’ shop goes live
    The Government has launched a new online, phone and onsite service to help New Zealanders connect to a range of employment support and products for workers and businesses affected by COVID-19, announced Minister of Education Chris Hipkins and Minister for Social Development Carmel Sepuloni. Connected.govt.nz is a one-stop-shop for jobseekers, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • MSD security guards to be paid Living Wage
    Security guards contracted to the Ministry of Social Development will be paid at least the Living Wage from next month supporting the Government’s commitment towards fair pay and employment conditions, announced Minister for  Social Development Carmel Sepuloni.   “MSD was  among the first government agencies to pay its employees the living ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New strategy to ensure nature thrives
    The Minister of Conservation Eugenie Sage today launched Te Mana o te Taiao, the Aotearoa New Zealand Biodiversity Strategy - a way forward that envisions Aotearoa New Zealand as a place where ecosystems are healthy and resilient, and people embrace the natural world. “Many of New Zealand’s plants and wildlife species ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Provider Languages Fund will support Pacific Wellbeing approach
    “Pacific languages, cultures and identity are essential to the health, wellbeing and lifetime success of our Pacific peoples and their communities in Aotearoa. The strength and resilience of Pacific Aotearoa is not only vital to their own prosperity but integral to the prosperity of all New Zealanders, and is particularly ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • COVID-19: More funding for schools and boost to construction sector
    ·       $38 million to help schools cover unexpected costs related to COVID-19 ·       $69 million upgrade for online learning ·       $107 million contingency funding to support school construction suppliers facing additional costs due to the lockdown. The Government is releasing $214 million from the COVID-19 response and recovery fund to ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Stay safe on the tracks – Rail Safety Week
    Despite the Government installing safety upgrades around the country, people should still take care around rail crossings, said Transport Minister Phil Twyford launching Rail Safety Week. Phil Twyford said installing safety infrastructure is crucial, but we are encouraging people to be more careful around trains too. “We’re making good progress ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government backs Manawatū social housing project
    The Government is providing a cash injection to help Palmerston North City Council complete a programme to provide 78 social housing units for vulnerable tenants. The $4.7 million to build 28 units in the Papaioea Place redevelopment comes from the $3 billion set aside for infrastructure in the Government’s COVID-19 ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Major funding boost for Predator Free Banks Peninsula
    A pest free Banks Peninsula/Te Pātaka o Rākaihautū is one step closer with a $5.11 million boost to accelerate this project and create jobs, announced Conservation Minister Eugenie Sage in Canterbury today. “This is a game changer for this ambitious project to restore the native wildlife and plants on Ōtautahi/Christchurch’s doorstep ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Major investment for indoor sports in Hawke’s Bay
    A Government grant of $6.4 million will expand the Pettigrew Arena in Taradale with new indoor courts of national standard. “The project is likely to take 18 months with approximately 300 people employed through the process,” Grant Robertson said. “The expansion will increase the indoor court space up to 11 ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New infrastructure for Far North tourist town
    The Far North tourist destination of Mangonui is to receive Government funding to improve waterfront infrastructure, open up access to the harbour and improve water quality, Infrastructure Minister Shane Jones has announced. A total of $6.5 million from the $3 billion set aside in the COVID-19 Response and Recovery Fund ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Government remains committed to Women’s Cricket World Cup
    The Government has re-affirmed its commitment to supporting the hosting of the ICC Women’s Cricket World Cup, which the ICC has delayed from 2021 to 2022. “This is obviously a disappointing decision for cricket players and fans around the world and for the White Ferns and their supporters here at ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Green light for Te Awa River Ride in $220m nationwide cycleways investment
    Cyclists and walkers will now have a safer way to get around Taupō, Tūrangi, and between Hamilton and Cambridge, with funding for shared paths and Te Awa River Ride, Associate Minister of Transport Julie Anne Genter announced today. “The Te Awa River Ride is the latest part of massive growth ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Six major ‘shovel-ready’ cycleways funded in Christchurch
    Six major cycle routes will be completed in Christchurch thanks to funding from the Government’s investment in shovel-ready infrastructure as part of the COVID-19 recovery Associate Minister of Transport Julie Anne Genter announced today. $125 million will be invested to kick-start construction and fund the completion of the following cycleway ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Police facilities for Whanganui
    Plans are underway for a brand new state-of-the-art hub for Whanganui’s justice and social agencies, following confirmation the ageing Whanganui Central Police Station is to be replaced. Police Minister Stuart Nash has announced $25 million in new infrastructure spending to improve facilities for the wider community, and for staff who ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Relativity adjustment for Waikato-Tainui and Ngāi Tahu
    An adjustment payment has been made to Waikato-Tainui and Ngāi Tahu under the relativity mechanisms in their 1995 and 1997 Treaty of Waitangi settlements, Minister for Treaty of Waitangi Negotiations Andrew Little announced today. The latest payments to Waikato-Tainui and Ngāi Tahu are $2,700,000 and $2,600,000 respectively to ensure the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Auckland rail upgrades pick up steam
    Deputy Prime Minister Winston Peters and Transport Minister Phil Twyford today kicked off the start of the Auckland NZ Upgrade Programme rail projects which will support over 400 jobs and help unlock our biggest city. Both ministers marked the start of enabling works on the third main rail line project ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • PGF support for Wairoa creates jobs
    The Provincial Growth Fund (PGF) investment of $3.78 million in Wairoa will create much needed economic stimulus and jobs, Under-Secretary for Regional Economic Development Fletcher Tabuteau announced today. PGF projects announced today include: $200,000 loan to Nuhaka Kiwifruit Holdings Ltd (operated by Pine Valley Orchard Ltd) to increase the productivity ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Public and Māori housing to trial renewable energy technology
    Tenants in public and Māori housing may be benefiting from their own affordable renewable energy in future – a fund to trial renewable energy technology for public and Māori housing has today been announced by Energy and Resources Minister Megan Woods and Associate Minister for Housing (Māori Housing) Nanaia Mahuta. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • $2.7m for Hokianga infrastructure
    Hokianga will receive $2.7 million to redevelop four of its wharves and upgrade its water supply, Regional Economic Development Minister Shane Jones has announced. Far North District Council will receive $1.8 million from the Provincial Growth Fund for the work on the wharves. “The work will include the construction of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New fund to support housing and construction sector
    A $350 million Residential Development Response Fund is being established to support the residential construction sector and to minimise the economic impact from COVID-19, the Housing Minister Dr Megan Woods has announced. “The Residential Development Response Fund will help to progress stalled or at-risk developments that support our broader housing ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government investment to boost Auckland’s community recycling network
    As part of a broader plan to divert waste from landfill, the Government today announced $10.67 million for new infrastructure as part of the Resource Recovery Network across the Auckland region. “This key investment in Auckland’s community recycling network is part of the Government’s Infrastructure Reference Group ‘shovel ready’ projects ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Te Papa transformation starts at Cameron Road
    The Government is investing $45 million in the first stage of an ambitious urban development project for Tauranga that will employ up to 250 people and help the region grow, Urban Development Minister Phil Twyford announced today. Phil Twyford says the funding has been allocated out of the $3 billion ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • PGF supports Hawke’s Bay community and environmental projects
    The Government is investing more than $1.6 million from the Provincial Growth Fund (PGF) for a wide range of community and environmental projects in Hawke’s Bay, Under-Secretary for Regional Economic Development Fletcher Tabuteau announced today. These announcements today are part of the Government’s commitment to supporting regional economies in the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Low-emissions options for heavy transport a step closer
    Getting low-emission trucks on the road is a step closer with investment in infrastructure to support hydrogen vehicles, the Energy and Resources Minister Megan Woods has announced. The Infrastructure Reference Group has provisionally approved $20 million for New Plymouth company Hiringa Energy to establish a nationwide network of hydrogen-fuelling stations. ...
    BeehiveBy beehive.govt.nz
    1 week ago