web analytics

The PREFU is much better than National wanted

Written By: - Date published: 4:33 pm, September 16th, 2020 - 51 comments
Categories: economy, election 2020, grant robertson, helen clark, Judith Collins, labour, uncategorized - Tags:

The Prefu is out!  And I suspect Judith Collins will be quietly cursing the contents although already National’s line is clear, this is the worst PREFU ever.  It is also the only PREFU every formulated at a time the world is experiencing a one in one hundred year pandemic that has caused the deaths of at an absolute minimum nearly a million people but yeah this is all Labour’s fault.

Henry Cooke has prepared this interesting backgrounder.  Some highlights:

  • It is widely-expected to that unemployment will be much lower than 9.8 per cent, because the country got out of lockdown faster than expected and the wage subsidy kept more people in work.
  • Unemployment is expected to stick around for longer, as border restrictions remain in place and the world economy remains in turmoil for longer. It is expected to hit 7.7 per cent in 2021 and then stay above 7 per cent until 2023, when it drops to 6.6 per cent, then to 5.3 per cent the following year.
  • Treasury believes that over the three months between March and June, when the lockdowns were at the strongest, New Zealand’s economy shrunk by 16.3 per cent.
  • Very modest wage growth over the next four years is forecast. In the year to June 2021 wages will only go up by 0.9 per cent, followed by 2.5 per cent the following year, 2.6 per cent the year after, and 2.9 per cent in the year to June 2024.
  • House prices are expected to shrink 4.4 per cent in the year to June 2021 before rapidly rebounding, with 4.7 per cent growth in the year to June 2022, 7.4 per cent the year after, and 8.5 per cent the year following.
  • By June 2024 Treasury expects net core crown debt to reach $201.1b, or about 55.3 per cent of the GDP for that year.  “This may seem very high, but its actually a lot lower than many comparable countries debt levels going into the crisis, let alone following it.”

No doubt National will be using some variant of the decade of deficits claim that it put out last time it was in opposition.  That time it worked, a few people did believe that Helen Clark and Michael Cullen were responsible for the excesses of Wall Street and merchant bankers and the instigators of the global financial crisis.  This time I suspect that these tactics will not work.  Because the majority now realise that this Government and Grant Robertson in particular are canny managers of the economy.

51 comments on “The PREFU is much better than National wanted ”

  1. millsy 1

    National will still use this as an excuse to impose austerity though.

    The sooner this election is over the better

    • I agree millsy.

      Plus, it was a pity that the election was postponed for a month as it has allowed those on the moaning Right to stay on the moan pills a month longer.

    • RosieLee 1.2

      National's idea of austerity will be to protect 'business" and the banksters at all costs. ie any austerity which doesn't affect them.

  2. Patricia Bremner 2

    I for one will donate to Labour and the Greens today…every little helps counter the big spending Blue lot!!

    • mary_a 2.1

      Patricia Bremner @ (2) … good on you. I do the same when I can, financially support Labour and the Greens to help keep the Red and Green sides ticking over.

      • Patricia Bremner 2.1.1

        Yes mary_a, I started two automatics a $5 fortnightly to cover my membership of the party and another at a rate that gives enough to make a $1000 per year.. Drip feed works.. a bit like kiwisaver. There are two of us so that makes it easier Cheers.

  3. weka 3
    • House prices are expected to shrink 4.4 per cent in the year to June 2021 before rapidly rebounding, with 4.7 per cent growth in the year to June 2022, 7.4 per cent the year after, and 8.5 per cent the year following.

    That's a shame, I was hoping that covid might help us with the housing crisis.

    • Pat 3.1

      That is a very optimistic forecast…as is the unemployment number and they are connected.Add in virtually zero wage growth and there is only one way house prices can go, try as they might

    • Graeme 3.2

      Unfortunately the consequence of sound management of the situation. Property and construction in Queenstown, and I gather wider Otago are going off. Ok, there's people who are having to sell up because their has gone futt because of the changes (and it was probably a basket case to begin with), but properties are selling, often for very good prices and builders are busy and buying new vehicles. Actually there's lots of new vehicles around town.

      How long this goes on for is to be seen, but so far, apart from the tourism businesses that didn't, or more like wouldn't, see it coming, the town is doing good. No line up of toys for sale on the side of the road, and no mortgagee sales, yet.

      Most of this seems to be coming from retuning ex-pats, and new immigrants going down the residency path. Hearing of some quite spectacular things happening there which could have a very positive impact on our economy locally and nationally.

      We're looking to come out of this pretty well. But there's got to be the build to accomodate it, which I think the government has been trying to get underway.

      Expecting a crisis to get really bad, just to put you on top, is what Judith Collins is trying to do. Managing a crisis well, so that all the good things flock to you is what the current government has done. Those good things will make us stronger and help us to solve a lot of problems in Aotearoa.

      • woodart 3.2.1

        your comments can also be applied to foxton and foxton beach.

      • weka 3.2.2

        it looks a bit different to people who were struggling before covid, who are struggling more now, and who in no way benefit from increasing house prices. The only thing I can see that will solve the housing crisis is something like covid. We do have other choices, we're just not making them.

        • Descendant Of Smith 3.2.2.1

          What better time to stimulate the economy by building state houses to reduce the housing crisis. All freed up land should be owned by the state (with nil cost leases) though to make the cost of buying more affordable as you only need to buy the house.

          None of it should go to private owners and especially not developers who can just sit and wait. The real estate agent is even advertising it for sale as a "land banking opportunity"

          https://www.nzherald.co.nz/hawkes-bay-today/news/article.cfm?c_id=1503462&objectid=12365003

          • Descendant Of Smith 3.2.2.1.1

            More land banking.

            “Quite a lot of these [buyers] are new investors, people who are land banking to take advantage of the unitary plan. They don’t want to leave money in the bank. There’s potential in the land and they just want to hold long term.

            https://www.oneroof.co.nz/news/38427

          • Pat 3.2.2.1.2

            No need to build more…the shortage is in available and affordable.

            There are almost 2 million dwellings in NZ for a population of 5 million.

            The state can take possession of the private banks non performing assets and make them available at affordable rates …that will also reduce demand for private rentals with the flow on effect into prices generally.

            The only downside will be for the construction/ real estate sector but construction capability can be redeployed to repurposing our infrastructure to zero carbon…the real estate sector? …time to do something productive.

          • weka 3.2.2.1.3

            that would definitely help. Unfortunately Labour's position is that house prices should keep increasing. They want to increase wage rates as well, but have nothing to offer beneficiaries and those in low wage jobs with poor hours/conditions. I can't see how any believes that benefits will ever be raised high enough to catch up with and then keep up with housing costs. Which means that NZ, including many on the left, are ok with us having permanent, long term people living in serious poverty.

            • Pat 3.2.2.1.3.1

              'Everyones' position is house prices keep growing ,along with population to drive it but the only logic is to prevent the banks from falling over because they have been allowed to lend to irresponsible levels…its an unsustainable ponzi scheme that will collapse…the sooner the gov take possession of the at risk assets the less it will cost and the sooner the banks will return to sensible lending practices.

      • Patricia Bremner 3.2.3

        Not according to Judith and Goldsmith. "We are doomed I tell you!! Doomed!!"

        According to Judith we will "all fly to Australia for jobs" even as Australians here can not get home because….. flights/quarantine/caps on returnees in all States…Covid!!

        According to Goldsmith we are doomed to "endless deficits as far as the eye can see" which he plans to "fix" by removing 80billion from circulation as fast as possible.

        What narrow visionless capitalists they are.

        Who would get that 80billion? Bankers Financiers and others, some of whom have affiliations in China. (There, now I'm on their list)

  4. weka 4

    Is all this predicated on a broadly effective vaccine?

  5. Graeme 5

    The photo of that stand-up in Henry Cooke's piece. The expressions on their faces….

    Has to be a caption post.

  6. Tricledrown 7

    Nationals stingy $8 billion a year budget cuts ,spending less is not what is needed now ,a weaker economy can't grow from a lower economic base ,which is going to take longer to pay debt having lower economic activity..

  7. Peter 8

    Collins' pontifications about the PREFU could have been written weeks ago with just a tidying of specific details yesterday.

    It reminds me of the old expression 'fell down a sewer came up with a gold watch.'

    Collins could have fallen down a pit full of gold watches and she'd come up with handfuls of turds. She did, she has, and the raiment suits her.

    • Grafton Gully 8.1

      I understood she said that all NZers need to be involved in growing the economy if they want state funded education and health.

  8. Enough is Enough 9

    It is an indisputable fact that it is the worst PREFU ever. To be fair to National, I didn't see them blame Labour for that? Did I miss something?

    The question is which parties policies are best to get us out of the economic destruction caused by the covid lockdowns and closed border.

    There is only one answer to that question in my mind – Green Party

    • Red 9.1

      “There is only one answer to that question in my mind – Green Party“

      All I can say to that is thank god we only have one vote each No problem with Disruptive green initiatives that stand on their own merits re cost benefit, Not possible however if soaked in socialism and pseudo religious fervour

      • Incognito 9.1.1

        Not possible however if soaked in socialism and pseudo religious fervour

        I see you’re sliding backwards with your biased BS masquerading as assertions.

        We have initiatives here on TS that stand on their own merits re cost benefit but they could be Disruptive to your commenting here. I’m itching to take initiative and I need not much convincing 😉

    • Grafton Gully 9.2

      Holy shit you must be fucken joking !! The Greens want to lock land and seabed up for the sake of a few rare endemics when we need the proceeds of mining to pay for lifting the underclass into productivity and prosperity via massive investment in housing, education and preventive healthcare.

  9. Infused 10

    Did not blame labour? No

    Do the math. At 5bn surpluses at best this will take 60 odd years to pay back without the other 6 odd recessions in this time.

    Your short sighted national jab shows how our of touch you are with how bad this is.

    You either have cuts coming or a shit ton of taxes. I know which one it will be.

    I'd be cashing out early next year and be buying stocks and gold

  10. Sabine 11
    • It is widely-expected to that unemployment will be much lower than 9.8 per cent, because the country got out of lockdown faster than expected and the wage subsidy kept more people in work.

    does this include the underutilisation rate? does this include those that have given up looking for work? does that include those that don't file for unemployment because they will not get anything cause the partner is 0.50 cnts aboe the limit? IF so, then what ever number we get is wrong and not worth the paper that is printed on.

    • Unemployment is expected to stick around for longer, as border restrictions remain in place and the world economy remains in turmoil for longer. It is expected to hit 7.7 per cent in 2021 and then stay above 7 per cent until 2023, when it drops to 6.6 per cent, then to 5.3 per cent the following year.

    is this taken into account by winz, or are unemployed, under utilitsed etc expected to weekly / daily apply for ghost jobs lest they get sanctioned? Or is that just a feel good point fro those that won't lose their jobs and thus feel like it 'is not that bad as it does not affect me crowd"?

    • Treasury believes that over the three months between March and June, when the lockdowns were at the strongest, New Zealand’s economy shrunk by 16.3 per cent.

    are you saying that Treasure 'believs' it means Treasury is not showing hte actuall factual numbers but rather 'believes' and thus expects us to 'believe'? When will proper data be provided and will proper data be provided?

    • Very modest wage growth over the next four years is forecast. In the year to June 2021 wages will only go up by 0.9 per cent, followed by 2.5 per cent the following year, 2.6 per cent the year after, and 2.9 per cent in the year to June 2024.

    who would have thought that if people can't employ it matters really not that wages go up? So essentially the great 'income raises via the min wage' is not gonna do a single thing for the next three years. Lol.

    • House prices are expected to shrink 4.4 per cent in the year to June 2021 before rapidly rebounding, with 4.7 per cent growth in the year to June 2022, 7.4 per cent the year after, and 8.5 per cent the year following.

    Seriously do the critters in parliament actually believe this?

    https://www.globalpropertyguide.com/news-strong-house-price-rises-continue-in-new-zealand-4103

    New Zealand’s house prices continue to rise strongly, as the impact of the ban on non-resident foreign homebuyers wanes. Median house prices rose by 7.67% (inflation-adjusted) during the year to Q2 2020, following y-o-y rises of 10.87% in Q1 2020, 10.28% in Q4 2019, 5.82% in Q3, and 2.74% in Q2. Yet on a quarterly basis, real house prices fell by 3.45% in Q2 2020.

    really whom are they kidding? What ever they are smoking or drinking its good, can we have some of that stuff?

    • By June 2024 Treasury expects net core crown debt to reach $201.1b, or about 55.3 per cent of the GDP for that year. “This may seem very high, but its actually a lot lower than many comparable countries debt levels going into the crisis, let alone following it.”

    seriously who cares? Print the money to pay the debt, and btw, why call it debt?

    One has to be very removed from the actuall reality lived by the 3/4 of the country that are not able ot work from home, or work at all for that matter to consider this pile of 'good news' good news. At best one can say its 'feel good propaganda' at best its a badly hidden pack of 'mis truths and creative 'interpretation of the situation on the ground'.

    as for National who cares what they think? OR am i to consider National now as a real contender for the vote?

    • infused 11.1

      no it doesn't include under utilization which is 12%.

      • Sabine 11.1.1

        well at the last count, when unemployment was at 4% which dates back to June. So now we have September, i guess this number – under utilisation will have gone up by a bit as well.

        https://www.stats.govt.nz/information-releases/labour-market-statistics-june-2020-quarter

        Key facts

        Labour market at a glance

        • Unemployment rate fell to 4.0 percent.
        • Underutilisation rate rose to 12.0 percent.
        • Employment rate fell to 66.9 percent.
        • Filled jobs fell 0.5 percent.
        • Average weekly earnings (including overtime) fell 2.8 percent
        • Wage rates increased 2.1 percent annually.
      • lprent 11.1.2

        no it doesn’t include under utilization which is 12%.

        Hi profoundly economically ignorant fool.

        The under utilisation rate in December 2019 was 10%.

        Just to give some context in December 2009 the National government managed to have 15% under-utilisation. In June 2012, the National government had 14.6% underutilization. How shocking to you this would be if you weren’t a profound dumbarse party hack.

        The last time that NZ had 10% underutilization was back in June 2008 with a Labour government. After that National could never manage to keep it below 12% – presumably because they are incompetent managers of the economy and couldn’t create the required work.

        I realize that n your role of stupid National supporter and hack, you have to say stupid things – but pleazzze – don’t be quite this thick. It diminishes the reputation of all damn stupid political operatives.

        • Infused 11.1.2.1

          What are you talking about you uncoherent old fool. I said its 12% and its sitting on the stats website

          Maybe read before you open your mouth next time

          • Incognito 11.1.2.1.1

            How could Lprent have missed that 12.0% is beyond me unless you have missed his point, which is more likely. I’ll leave it to him to explain it to you in subtle terms.

            I have made a note of your ageism though. That was really uncalled for.

  11. Red 12

    “seriously who cares? Print the money to pay the debt, and btw, why call it debt?

    Should have started with above and would have been been an effective filter to stop reading now

    The economic / financial ignorance in that statement unfortunately is not unique in NZ

    • Sabine 12.1

      I know , it is not conventional and could carry risks, mainly of inflation.

      https://www.economicshelp.org/blog/634/economics/the-problem-with-printing-money/

      But this is equally bullshit as an excuse of not to do so

      Printing money and national debt

      Governments borrow by selling government bonds/gilts to the private sector. Bonds are a form of saving. People buy government because they assume a government bond is a safe investment. However, this assumes that inflation will remain low.

      • If governments print money to pay off the national debt, inflation could rise. This increase in inflation would reduce the value of bonds.
      • If inflation increases, people will not want to hold bonds because their value is falling. Therefore, the government will find it difficult to sell bonds to finance the national debt. They will have to pay higher interest rates to attract investors.
      • If the government print too much money and inflation get out of hand, investors will not trust the government and it will be hard for the government to borrow anything at all.
      • Therefore, printing money could create more problems than it solves.

      Or if you don't like calling it 'print money' how about a 'debt jubilee'?

      • new view 12.1.1

        Sabine. Interest rates will go negative next year. That means the banks will be awash with cash that’s costing them money they’ll want to lend out as much as possible. People will borrow even more to purchase a house that doesn’t exist. House prices will keep rising. You want the government to print money that will create inflation. I’m lost as to how it would affect the whole mess except for increasing mortgage rates and the cost of living for everyone. Weka thought that Covid might bring prices down but I can’t see how without those who need housing not getting housed.

        • Sabine 12.1.1.1

          The banks are already lending money like there is no tomorrow (and maybe there isn'tr 🙂 ) to people buying houses, thus the rise in house prices currently. 🙂

          No mate, i want the government to increase the welfare benefits, and the unemployment benefits to about 480.00NZD per week – essentially covid wage subsidy after Paye. And i would like them to print money for that.
          I also would like to increase the kiddie benefit of $ 60 to go to kids older then three years (i mean of course the kid could try to get a job, but currently its not really a seekers market)
          I would also like to see the government stop punishing people who are unemployed for having partenrs and give them the full amount htey would be getting if they were single, it really is not nice to have to live of one wage in general, but even less nice if you have to ask your partner for money to buy something, and you don’t have money in your own name.
          I would like to increase the rate of pay for the retired community, and increase the winter payment so that it covers all of winter.
          Maybe throw in a Ham and some fruit pies for christmas.

          Not that that would ever happen, But that is what i would like to see, and chances are that some of that money would actually trickle upwards.

          But then that is not gonna happen as we were already told.
          it is really important tho that cheap money goes to the very wealthy who don't need it, so that they get to buy up what ever is there to be bought or build a chrystal garden for the poor misunderstood kidlings of the very very rich. .

        • Pat 12.1.1.2

          So banks are going to lend vast sums of unserviceable funds to the unemployed, the working poor and non existent migrants are they?….think last time that happened they blew up the banking system which governments have been propping up since.

          The banks are rapidly running out of willing/capable borrowers…otherwise known as the base of the ever growing pyramid ….indeed the pool is going to be further reduced by those who lose their jobs/hours and negative interest rates arnt going to make any difference to that dynamic

  12. Climaction 13

    It's not worst case, but it's nothing to be proud of.

    It shows Labour squandered the gains made since the GFC before covid even begun to be an imposition.

    Labour haven't delivered on any major policy promise made in 2017, and now they want NZ to vote them back in based on the fact we aren't in the worst case scenario?

    • Incognito 13.1

      They decriminalised abortion, as promised. They also launched the Pike River Recovery Agency and they made the necessary Law change for re-entry, which was an election promise by Andrew Little. Your ignorance and bias are showing, as usual.

      Please stay on-topic of the OP.

    • mary_a 13.2

      Climaction (13) … Just a little reminder to bring you up to date in case you have forgotten. NZ like the rest of the world is in the middle of a pandemic called Covid-19, which has had a big impact on economies! Nothing is, or will be the same from this time on.

      We should be thankful, we have a government which has some humanity, by considering NZers well being first and foremost.

  13. Maurice 14

    So people seriously believe that National wanted this to be even worse … so they could be elected to try and 'sort it out'?

    I very much doubt they want to be elected at all by their recent and not to distant behaviour – perhaps they just want Labour/Greens to be saddled with the most difficult job in governance we have seen in the last fifty or sixty years (or perhaps longer!).

    • Stephen D 14.1

      Judith is running a decidedly lacklustre campaign. Combine that with uncosted farcical policies they have no intention of implementing, and it does look like they've given up. Or really do not want to be in government for a couple of more terms while they sort their shit out.

  14. Sabine 15

    a write up by the Stuff – surely some will find issues with it,

    https://www.stuff.co.nz/national/politics/300109230/election-2020-high-unemployment-high-house-prices-and-a-social-crisis-on-the-books

    OPINION: For all the economic bluster – and there was a lot of it – Wednesday’s big story was not an economic crisis, it was a social one.

    The scary stuff – the stuff that should be keeping our politicians up at night – is not what is happening on the Government’s books: it is the stuff happening on the balance sheets of individuals and households………..

    Long-term unemployment is the big one. The last time Treasury opened the accounts, in May, it was picking an ugly couple of years of unemployment, rising to 9.8 per cent before tracking down to 5.7 per cent by 2022 and 4.8 per cent by 2024.

    This new set of forecasts kick the recovery out by years. Unemployment will still be 7 per cent in 2023 and it won’t get down to 4.8 per cent until 2027………….

    Underneath that number is a world of social pain.

    The unemployment rate for Māori can be as high as double the general unemployment rate while the unemployment rate for women goes up faster than the unemployment rate for men and stays higher for longer.

    Bar one quarter in 2018, the unemployment rate for women has not hit 4 per cent since 2008, the year the iPhone arrived in New Zealand……

    Labour, meanwhile, careful not to rock the boat, is trying to pretend these numbers are unavoidable; some certainly might be – the Covid recession is not their fault – but long-term high unemployment and out-of-control house prices are within the ambit of their control.

    The party has staked its re-election on a slogan of Let’s Keep Moving. New Zealanders would do well to ask: which way?

    or where too? A ditch nearby for those that fall into the cracks to never ever be mentioned again?

    https://www.stuff.co.nz/national/politics/300109230/election-2020-high-unemployment-high-house-prices-and-a-social-crisis-on-the-books

  15. karol121 16

    Perhaps the seemingly perpetual deflation the rights have been dreading and the not so rights have been dreaming of.

    But in any case;

    UP THE WORKERS, UP THE MOTHERS, UP THE CHILDREN AND UP THE BENEFICIARIES WHO ARE ALL THE BACKBONE OF LA SOCIETE.

    AND DAMNATION TO THOSE WHO SUPPORT THE TREASON OF THE INTELLECTUALS,(whatever form it takes).

    Whew! Where are those Minties? I need one.

  16. McFlock 17

    So the PREFU expected -16% GDP in the second quarter, and the next day the announcement is -12%?

    What's the point of it if they can barely ballpark tomorrow, let alone the coming years?

    • Red 17.1

      Agree most economist have not got a bloody clue if they did they would put there money where there mouth is and make billons on their market predictions, fk the could not even predict the GFC. The doom and gloomers usually have their 15 minutes of fame as they tend to be right once in their life

      End of day you just need to trust the productive capacity of human beings and markets, while we are here we are not going to sit around and do nothing. The other key is government facilitate this process not create a lot of friction or stasis

      [Fixed typo in e-mail address]

      • Grafton Gully 17.1.1

        Your final paragraph is what I think too but how does a government facilitate the process ? Ardern appeals to the team of five million which denies the huge disparities, Collins appeals to small business to lead the way but historically many fail (maybe it has been too easy to start a business in NZ with few or no employees)

        https://www.callaghaninnovation.govt.nz/f-word/failure-facts-and-figures

        and the Greens achievements don't find popular appeal.

Recent Comments

Recent Posts

  • Next steps for Christchurch Hospital campus redevelopment
    Canterbury DHB will be better placed to respond to future demand for services and continue to deliver high quality care, with the next stage of the campus redevelopment programme confirmed, Health Minister Andrew Little says. The Government has approved $154 million in funding for the construction of a third tower ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Five Power Defence Arrangements Defence Ministers’ Joint Statement
    The Defence Ministers from Australia, Malaysia, New Zealand, Singapore and United Kingdom reaffirmed their nations’ continued commitment to the Five Power Defence Arrangements (FPDA), and commended the achievements over the past 49 years as the FPDA moves towards its 50th Anniversary in 2021.  The Ministers recognised the FPDA’s significant role ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Jobs for Nature funding protects health of Hawke’s Bay waterways
    A joint Government and Hawke’s Bay Regional Council project will invest $4.2 million to protect local waterways, enhance biodiversity and employ local people, Environment Minister David Parker announced today.   Over two years, the Hāpara Takatū Jobs for Nature project will fence 195km of private land to exclude stock from vulnerable ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New Year border exception for seasonal workers in the horticulture and wine industries
    2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week while in isolation From January ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government increases support for New Zealanders to work in seasonal jobs
    The Government is offering further financial support for unemployed New Zealanders to take on seasonal work. These new incentives include: Up to $200 per week for accommodation costs $1000 incentive payment for workers who complete jobs of six weeks or longer increasing wet weather payments when people can’t work to ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government receives Royal Commission of Inquiry report into the Terrorist Attack on Christchurch Mos...
    Minister for Internal Affairs Jan Tinetti has today received the Royal Commission of Inquiry report into the Terrorist Attack on Christchurch Mosques, and will table it in Parliament on Tuesday December 8. “I know this will have been a challenging process for whānau, survivors and witnesses of the terrorist attack ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New Zealand Government to declare a climate emergency
    The Government will declare a climate emergency next week, Climate Change Minister James Shaw said today.                                       “We are in the midst of a climate crisis that will impact on nearly every ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Call for urgent action on Pacific conservation
    A declaration on the urgency of the global biodiversity crisis and the need for immediate, transformative action in the Pacific was agreed at a pan-Pacific conference today. The 10th Pacific Islands Conference on Nature Conservation and Protected Areas is taking place this week across the Pacific.  Minister of Conservation Kiritapu ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech from the throne
    E aku hoa i te ara o te whai, Kia kotahi tā tātou takahi i te kō, ko tōku whiwhi kei tō koutou tautoko mai. Ko tāku ki a koutou, hei whakapiki manawa mōku. He horomata rangatira te mahi, e rite ai te whiwhinga a te ringatuku, me te ringakape ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Keynote address to Chartered Accountants Australia and New Zealand conference
    Speech to the CAANZ conference - November 19, 2020 Thank you, Greg, (Greg Haddon, MC) for the welcome. I’d like to acknowledge John Cuthbertson from CAANZ, the Commissioner of Inland Revenue Naomi Ferguson, former fellow MP and former Minister of Revenue, Peter Dunne, other guest speakers and CAANZ members. I ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Expert independent advisory group appointed to strengthen the future of Māori broadcasting
    A panel of seven experts are adding their support to help shape the future of Māori broadcasting, Minister for Māori Development Willie Jackson has announced today. “Today I will meet with some of the most experienced Māori broadcasters, commentators and practitioners in the field. They have practical insights on the ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government to review housing settings
    New Zealand’s stronger-than-expected economic performance has flowed through to housing demand, so the Government will review housing settings to improve access to the market, the Finance Minister Grant Robertson announced today. “Our focus is on improving access to the housing market for first home buyers and ensuring house price growth ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Crown accounts reflect Govt’s careful economic management
    The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy. As expected, the Crown accounts for the year to June 2020 show the operating balance before gains and losses, or OBEGAL, was in deficit. However that ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Community launch marks next step in addressing racism in education
    The launch of Te Hurihanganui in Porirua today is another important milestone in the work needed to address racism in the education system and improve outcomes for Māori learners and their whānau, Associate Education Minister Kelvin Davis says. Budget 2019 included $42 million over three years to put Te Hurihanganui ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government to consider recommendations on DNA use in criminal investigations
    The Minister of Justice has received the Law Commission’s recommending changes to the law governing the way DNA is used in criminal investigations. The report, called The Use of DNA in Criminal Investigations – Te Whahamahi I te Ira Tangata I ngā Mātai Taihara, recommends new legislation to address how ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Speech to Wakatū Nelson regional hui on trade
    First, I want to express my thanks to Te Taumata for this hui and for all the fantastic work you are doing for Māori in the trade space. In the short time that you’ve been operating you’ve already contributed an enormous amount to the conversation, and developed impressive networks.  I ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Speech to Primary Industries Summit
    Thank you for the opportunity to speak to you today about the significant contribution the food and fibres sector makes to New Zealand and how this Government is supporting that effort. I’d like to start by acknowledging our co-Chairs, Terry Copeland and Mavis Mullins, my colleague, Agriculture Minister Damien O’Connor, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Fast track referrals will speed up recovery and boost jobs and home building
    The Government is taking action to increase jobs, speed up the economic recovery and build houses by putting three more projects through its fast track approval process. “It’s great to see that the fast-track consenting process is working. Today we have referred a mix of potential projects that, if approved, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Papakāinga provides critically needed homes in Hastings
    A papakāinga opened today by the Minister for Māori Development the Hon Willie Jackson will provide whānau with much needed affordable rental homes in Hastings. The four home papakāinga in Waiōhiki is the first project to be completed under the ‘Hastings Place Based’ initiative. This initiative is a Government, Hastings ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand ready to host APEC virtually
    Prime Minister Jacinda Ardern took over the leadership of APEC earlier today, when she joined leaders from the 21 APEC economies virtually for the forum’s final 2020 meeting. “We look forward to hosting a fully virtual APEC 2021 next year. While this isn’t an in-person meeting, it will be one ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Revival of Māori Horticulturists
    The rapid revival of Māori horticulture was unmistakeable at this year’s Ahuwhenua Trophy Awards, with 2020 marking the first time this iconic Māori farming event was dedicated to horticulture enterprises. Congratulating finalists at the Awards, Māori Development Minister Willie Jackson said growing large-scale māra kai is part of Māori DNA. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Emergency benefit to help temporary visa holders
    From 1 December, people on temporary work, student or visitor visas who can’t return home and or support themselves may get an Emergency Benefit from the Ministry of Social Development, Social Development and Employment Minister Carmel Sepuloni announced today. Previously, temporary visa holders in hardship because of COVID-19 have had ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • School sustainability projects to help boost regional economies
    Forty one schools from the Far North to Southland will receive funding for projects that will reduce schools’ emissions and save them money, Education Minister Chris Hipkins announced today. This is the second round of the Sustainability Contestable Fund, and work will begin immediately. The first round announced in April ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Farmer-led projects to improve water health in Canterbury and Otago
    More than $6 million will be spent on helping farmers improve the health of rivers, wetlands, and habitat biodiversity in Canterbury and Otago, as well as improving long-term land management practices, says Agriculture Minister Damien O’Connor. Four farmer-led catchment group Jobs for Nature projects have between allocated between $176,000 and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tupu Aotearoa continues expansion to Pacific communities in Nelson, Marlborough, Tasman & Northl...
    Pacific communities in Nelson, Marlborough, Tasman and Northland will benefit from the expansion of the Tupu Aotearoa programme announced today by the Minister for Pacific Peoples, Aupito William Sio. The programme provides sustainable employment and education pathways and will be delivered in partnership with three providers in Northland and two ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New primary school and classrooms for 1,200 students in South Island
    Education Minister Chris Hipkins unveiled major school building projects across the South Island during a visit to Waimea College in Nelson today. It’s part of the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “Investments like this gives the construction industry certainty ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister of Māori Development pays tribute to Rudy Taylor
      Today the Minister of Māori Development, alongside other Government Ministers and MP’s said their final farewells to Nga Puhi Leader Rudy Taylor.  “Rudy dedicated his life to the betterment of Māori, and his strong approach was always from the ground up, grassroots, sincere and unfaltering”  “Over the past few ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister to attend APEC Leaders’ Summit
    Prime Minister Jacinda Ardern will attend the annual APEC Economic Leaders’ Meeting and associated events virtually today and tomorrow. “In a world where we cannot travel due to COVID-19, continuing close collaboration with our regional partners is key to accelerating New Zealand’s economic recovery,” Jacinda Ardern said. “There is wide ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to Infrastructure NZ Symposium
    Tena Koutou, Tena Koutou and thank you for inviting me to speak to you today. This is a critical time for New Zealand as we respond to the damage wreaked by the global COVID-19 pandemic. It is vital that investment in our economic recovery is well thought through, and makes ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pike River 10 Year Anniversary Commemorative Service
    Tēnei te mihi ki a tātau katoa e huihui nei i tēnei rā Ki a koutou ngā whānau o te hunga kua riro i kōnei – he mihi aroha ki a koutou Ki te hapori whānui – tēnā koutou Ki ngā tāngata whenua – tēnā koutou Ki ngā mate, e ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Huge investment in new and upgraded classrooms to boost construction jobs
    Around 7,500 students are set to benefit from the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “The election delivered a clear mandate to accelerate our economic recovery and build back better. That’s why we are prioritising construction projects in schools so more ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Keeping Pike River Mine promises 10 years on
    Ten years after the Pike River Mine tragedy in which 29 men lost their lives while at work, a commemorative service at Parliament has honoured them and their legacy of ensuring all New Zealand workplaces are safe. Prime Minister Jacinda Ardern attended the event, along with representatives of the Pike ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Additional testing to strengthen border and increase safety of workers
    New testing measures are being put in place to increase the safety of border workers and further strengthen New Zealand’s barriers against COVID-19, COVID-19 Response Minister Chris Hipkins said today. “These strengthened rules – to apply to all international airports and ports – build on the mandatory testing orders we’ve ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • More public housing delivered in Auckland
    The Government’s investment in public housing is delivering more warm, dry homes with today’s official opening of 82 new apartments in New Lynn by the Housing Minister Megan Woods. The Thom Street development replaces 16 houses built in the 1940s, with brand new fit-for-purpose public housing that is in high ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Agreement advanced to purchase up to 5 million COVID-19 vaccines
    The Government has confirmed an in-principle agreement to purchase up to 5 million COVID-19 vaccines – enough for 5 million people – from Janssen Pharmaceutica, subject to the vaccine successfully completing clinical trials and passing regulatory approvals in New Zealand, says Research, Science and Innovation Minister Megan Woods. “This agreement ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Jobs for Nature funding will leave a conservation legacy for Waikanae awa
    Ninety-two jobs will be created to help environmental restoration in the Waikanae River catchment through $8.5 million of Jobs for Nature funding, Conservation Minister Kiritapu Allan announced today. “The new funding will give a four-year boost to the restoration of the Waikanae awa, and is specifically focussed on restoration through ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Dunedin Hospital project progresses to next stage
    As the new Dunedin Hospital project progresses, the Government is changing the oversight group to provide more technical input, ensure continued local representation, and to make sure lessons learnt from Dunedin benefit other health infrastructure projects around the country. Concept design approval and the release of a tender for early ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Jump in apprentice and trainee numbers
    The number of New Zealanders taking up apprenticeships has increased nearly 50 percent, and the number of female apprentices has more than doubled. This comes as a Government campaign to raise the profile of vocational education and training (VET) begins. Prime Minister Jacinda Ardern and Education Minister Chris Hipkins announced ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • ReBuilding Nations Symposium 2020 (Infrastructure NZ Conference opening session)
    Tena koutou katoa and thank you for the opportunity to be with you today. Can I acknowledge Ngarimu Blair, Ngati Whatua, and Mayor Phil Goff for the welcome. Before I start with my substantive comments, I do want to acknowledge the hard work it has taken by everyone to ensure ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Zealand's biosecurity champions honoured
    Biosecurity Minister Damien O’Connor has paid tribute to the winners of the 2020 New Zealand Biosecurity Awards. “These are the people and organisations who go above and beyond to protect Aotearoa from pests and disease to ensure our unique way of life is sustained for future generations,” Damien O’Connor says. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago