web analytics

There goes the surplus

Written By: - Date published: 8:00 am, October 18th, 2016 - 58 comments
Categories: ACC, Economy, Financial markets, national, national/act government, Politics, same old national - Tags:

bill-english-tiny

With great fanfare last week the Government announced what it wanted to suggest was a stonking big operating revenue surplus in the country’s accounts. We are finally in the black to the tune of $1.8 billion dollars. This headline was obliterated by other news released that day that Housing Corp was running out of money but the government will still be hoping that it feeds into the “National is a good manager of the economy” narrative.

I have had a read of the treasury documents relating to the release of the news and there are a few reasons why this headline is overly optimistic. And undeserved.

The good news is indeed that there is an operating surplus of $1.8 billion. The causes seem to be primarily good growth and a greater than expected tax take caused by surging immigration. Keep those people coming as our economy depends on it.

There were some areas of not so good news.

ACC had actuarial losses of $5.1 billion and the Cullen Super Fund had actuarial losses of $2 billion. Sure they are book entries and relate to actuarial losses because of a change in the discount rate applied but a similar book loss of $4.8 billion back in 2009 again because of actuarial losses related on that occasion through a more conservative formula calculating future liabilities being applied was described by Nick Smith as a financial crisis. National is lucky that Labour will not stoop to the same lows.

There was another $1.5 billion liability because of the change of the price of carbon and its effect on the Emissions Trading Scheme. The price of carbon has increased considerably and will continue to do so. The Government sheltering business from the real cost of carbon results in a cost to us all.

And net Crown debt increased by $1.3 billion.  Borrowing is still not under control.

Funny how the headline figure was the one figure that captured the headline. With net debt increasing and forecasts for ACC, the Cullen fund and the Emissions Trading Scheme worsening even talking about a tax cut is crazy.

58 comments on “There goes the surplus ”

  1. Wensleydale 1

    Blinglish is playing a shell game. He’s frantically shuffling those paper cups around, desperately hoping we don’t realise none of the cups has a pea under it. He sold all the peas to his corporate friends years ago. We’re now a pea-free nation.

  2. Jenny Kirk 2

    Colin James has a column in today’s ODT (not yet online) in which he calls the “game” the govt is currently playing – dribble politics. Dribble out a bit of dosh whenever a situation gets dicey to placate all those who want to see the govt “doing something”. Its worth reading when it comes online.

  3. ” The Government sheltering business from the real cost of carbon results in a cost to us all. ”

    Hmmm…. welfare.

    Welfare for the boys.

    Now what’s that about Junior Doctors going on strike over safety issues like doing 16 hour shifts back to back, up to 12 shifts in a row I hear ya say again , Trev ?

    Oh yes, that’s right , … silly me , I forgot ,… the reason National are starving health , education , state housing and even our prisons are to degrade them to such a point that the public will accept the corporate’s taking over and setting up private concerns to replace our publicly funded social services.

    Combined with welfare for business and withholding of tax payer funds for our social services to make way for being able to milk the NZ public even further is sound economics 101 for the neo liberals, now , …. isn’t it.

  4. Siobhan 4

    Hey, it’s not all bad news, there $1 billion set aside for more prisons/places to store the mentally unwell and poor people with addiction issues..

    .”The Government has announced plans for a growing prisoner population including double-bunking for an extra 80 beds at Ngawha in Northland, a new building at Mt Eden to take 245 extra prisoners, and possibly a new 1500-bed prison on the current Waikeria Prison site in Waikato.

    Corrections Minister Judith Collins said prison population growth required a further 1800 places.”

  5. left for dead 5

    MS…Smoke and mirrors, theirs still money in it. 😉

  6. mosa 6

    Greed is king and New Zealanders will vote for the cash instead of funding public services.
    Bill English may have just won the 2017 General election.

    • NZJester 6.1

      Most of the local business owners are stupid to take his tax cut bribe though. The profits they get from their business will fall as their customers have little money to buy their goods. They would end up with higher after-tax and operating costs profits under a Labour government even if they have to pay higher wages and higher taxes.
      More customers will have the money to buy their goods when you have healthier and better-paid workers.

      • Ch_ch chiquita 6.1.1

        It’s funny how when you sit one on one with some of these business people and explain it to them (like they are a five year old) all of a sudden it clicks. I just hope those who my parner have had a chat with will remember it come the next elections, and that we wil be able to talk to as many people as we possibly can by then.

  7. Guerilla Surgeon 7

    That picture would go well on 7 Days. “Yes, that is the size of my penis.”

  8. feijoa 8

    It is just the one word they need to get out there
    SURPLUS

    That’s all people hear
    Nothing else matters, everything else is noise
    They think National are good economic managers
    Job done, election in the bag

  9. Greg 9

    A phantom surplus or was it fraud

  10. Keith 10

    Like almost any statistic or claim put out by our government nowadays, it cannot withstand much scrutiny at all and seemingly it appears, less and less scrutiny.

    I guess National are counting on the moment of the headline, backed by rapturous applause from Mike Hosking and Paul Henry and the unquestioning mind of Liam Dann of the Herald and cheer leading from other well connected “bank economists”.

    Having said that National have not put out a surplus yet in this governments life so does it really matter or hurt them? Or maybe there was there a suspiciously conditional one last year. In haze of all the bullshit they pump out, I can’t recall.

  11. Tamati Tautuhi 11

    Don’t worry we are a “Rockstar Economy” and we are about to turn the corner.

    More good news to follow.

  12. Groundhog 12

    Housing Corp is not ‘running out of money’, and you know it. You admit yourself that the ACC and Super Fund losses are actuarial only. So, in summary, your entire case is bs. Oh, and btw, the net core crown debt as a % of gdp has been steadily declining since 2013, and is forecast to continue to decline. The current % (24.6%) is only fractionally higher than the average of 23.85% between 1972 and 2016, despite borrowing for the GFC and Chch rebuild.

    I sometimes wonder whether the left would have simply left Chch to it’s own devices, and allowed the GFC to wipe hundreds of thousands of families out, such is the stupidity of this sort of click bait commentary.

    http://www.tradingeconomics.com/new-zealand/government-debt-to-gdp

    • mickysavage 12.1

      Hmmm

      1. Housing Corp is running out of cash. They said so themselves.
      2. I did say the losses were actuarial, just like they were in 2009 when the nats went to town on it. But they do mean that we are all poorer or will be in the future. Are you suggesting we should completely ignore bad news?
      3. Net core Crown debt as a proportion of GDP is going down but in dollar terms is going up.
      4. No the left thinks that we pay off debt and store away cash so that in times of crisis the state is in a position to respond. This Government refuses to do this. And good to see you acknowledge the GFC and I thought the deficits were all Labour’s fault.

      I am pointing out that there are features of the Treasury release which are negative. Concentrating solely on the positive is something only a fool would do.

      • Groundhog 12.1.1

        1. No, they didn’t. They are actually in good financial shape, but they are about to embark on a building program that requires capital. Learn to read a balance sheet.
        2. No. I’m suggesting you are hypocritical to criticise National for doing something and then doing it yourself.
        3. The figure that matters is the % of GDP. The economy is growing at a healthy rate by global standards.
        4. Where did I say the deficits were all Labours fault? NZ enjoys ‘seasons’ of terms of trade. During the mid to late 2000’s we enjoyed excellent terms of trade. Then we had a GFC and rebuilding a major city. They are the main reasons we have had deficits. You have no evidence the government will choose tax cuts over debt repayment; that is pure speculation at this stage.

        Your piece is headed ‘There goes the surplus’. It follows a similar piece by another poster that argued there is ‘no surplus’. Balance is one thing, arguing against the prevailing facts is something entirely different.

        • mickysavage 12.1.1.1

          1. Yes they are. Treasury said so. Don’t confuse things by talking about the balance sheet. Concentrate on cash which is due to run out in February. http://www.stuff.co.nz/national/politics/85296759/housing-nz-running-out-of-cash-officials-warn-government
          2. Comparing my very gentle comment to Nick Smith’s hysteria is a joke.
          3. The figure that actually matters more is the per head of population GDP growth. It is anaemic. We are importing our growth.
          4. Just recycling typical troll comment. Glad you agree that National’s hysteria about a “decade of deficits” was just that.

          I see you did not mention the increase of liability for carbon credits which of itself pretty well wipes out the surplus. Why is that?

          • Groundhog 12.1.1.1.1

            1. Your own reference explains that a cash injection is needed to fund the governments building program. That is not ‘running out of money’.
            2. No, it isn’t. The principle is the same.
            3. Your diverting. And wrong. Growth is being driven by a range of sectors, and very much from the regions.
            4. The decade of deficits was a Treasury forecast. The 2009 deficit, left by Labour, was huge. Whether Labour were partly to blame is actually irrelevant. What matters is that this government have turned that around, successfully navigated the GFC, and rebuilt a major city.

            The liability for carbon credits is based on the price of carbon, which you acknowledge fluctuates. You predict it will rise. Perhaps. Perhaps not. The deficit is real.

            • Leftie 12.1.1.1.1.1

              Your comment is a load of crap and “the decade of deficits”came from John key.

              • Groundhog

                You have placed the comment in speech marks, indicating you are confusing the terminology with the reality. The reality is the Treasury forecast, which predicted deficits for the foreseeable future. The expression “decade of deficits” was used by a number of commentators, including Brian Fallow. It’s source is largely irrelevant. What is relevant is that that was the reality of what National inherited.

                http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10536181

                • Leftie

                  And that’s bullshit. The good financial standing NZ was left in, that National inherited, National have squandered.

            • mickysavage 12.1.1.1.1.2

              Has the English language lost its meaning?

              1. The post attacks the Nats spin about a surplus. Without an injection and with current policy settings HC will run out of cash in February. Crowing about a surplus is stupid because it is not a surplus. It is a bit of cash that should be applied to helping Housing Corp, not to tax cuts.
              2. Yes it is. The Nats went to town on it. I said “Sure they are book entries and relate to actuarial losses because of a change in the discount rate applied but a similar book loss of $4.8 billion back in 2009 again because of actuarial losses related on that occasion through a more conservative formula calculating future liabilities being applied was described by Nick Smith as a financial crisis. National is lucky that Labour will not stoop to the same lows.” I was criticising National, not the nature of the losses although you should get ready with any spare cash if you actuarial advice is that things are getting worse.
              3. Quote me some figures. Go ahead.
              4. What the … the Nats could do this because Cullen paid off all the debt and because of the Socialist EQC which the first Labour Government set up.

              The liability for carbon credits is real and will only get worse. Of course a responsible Government should do something about it, rather than offer tax cuts.

              • Groundhog

                1. The surplus is not ‘spin’. It is real. It is a surplus. Only an economic illiterate could argue otherwise.
                2. Thanks for doing again what you claimed you didn’t.
                3. “”Growth this quarter is being driven by strong domestic and export demand,” SNZ national accounts senior manager Gary Dunnet said. “Household spending was up 1.9 percent, with Kiwis spending more on going away, eating out, and furnishing their houses,” he said in a statement.” http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11710248

                4. Governments (Labour and National) have been paying off debt for decades, not just Cullen. It is the result of sound economic policy over the past 30 years, policy you generally condemn.

                No-one is offering tax cuts. They are on the table, along with a number of other options.

            • Matthew Whitehead 12.1.1.1.1.3

              LOL nobody is predicting the price of carbon credits will go down, it’s a matter of how much they will rise.

          • Groundhog 12.1.1.1.2

            1. Your own reference explains that a cash injection is needed to fund the governments building program. That is not ‘running out of money’.
            2. No, it isn’t. The principle is the same.
            3. Your diverting. And wrong. Growth is being driven by a range of sectors, and very much from the regions.
            4. The decade of deficits was a Treasury forecast. The 2009 deficit, left by Labour, was huge. Whether Labour were partly to blame is actually irrelevant. What matters is that this government have turned that around, successfully navigated the GFC, and rebuilt a major city.

            The liability for carbon credits is based on the price of carbon, which you acknowledge fluctuates. You predict it will rise. Perhaps. Perhaps not. The surplus, on the other hand, is real.

            • Leftie 12.1.1.1.2.1

              Your comment is a load of crap and “the decade of deficits”came from John key.

            • dv 12.1.1.1.2.2

              http://www.stuff.co.nz/business/opinion-analysis/9840884/New-Zealands-debt-legacy

              The government’s 2013 budget projected that net core Crown public debt in June 2015 will be $68 billion, up from a low point of $10b in June 2008.

              • Groundhog

                Meanwhile, in the real world, the country has successfully navigated a GFC and rebuild a major city.

                • Leftie

                  Bullshit.

                • dv

                  –Your comment Ground hoThe 2009 deficit, left by Labour, was huge

                  Was 10Billion, big but not NOT 68 billion which is closer to huge.

                  The current debt is 100 billion.

                  • Groundhog

                    You confuse annual deficits with accumulated debt. The current debt is less than Treasury forecast it would be in 2008.

                    • dv

                      Nope – no confusion by me., Thats why carefully I separated the last two sentences, as they ARE two different things.

                      My main point was the deficit WAS NOT huge back in 2008/ 9 as you stated compared to the deficit in 2015.

                    • Groundhog

                      “Nope – no confusion by me., Thats why carefully I separated the last two sentences, as they ARE two different things.”
                      Re-read your own post. You quoted my comment about the deficit, then talked about total debt.

                      “My main point was the deficit WAS NOT huge back in 2008/ 9 as you stated compared to the deficit in 2015.”
                      Again, you are confused. But I don’t want to embarrass you, so I’ll simply point you to this graph…http://www.tradingeconomics.com/new-zealand/government-budget. You’ll see that in 2015 we were in surplus.

                    • Gorillagrip []

                      Sniff sniff hmmm I smell whale oil

                    • dv

                      “Nope – no confusion by me., Thats why carefully I separated the last two sentences, as they ARE two different things.”
                      Re-read your own post. You quoted my comment about the deficit, then talked about total debt.

                      Yes, two ideas!!

                      “My main point was the deficit WAS NOT huge back in 2008/ 9 as you stated compared to the deficit in 2015.”
                      Again, you are confused. But I don’t want to embarrass you, so I’ll simply point you to this graph…http://www.tradingeconomics.com/new-zealand/government-budget. You’ll see that in 2015 we were in surplus

                      The stuff article was a prediction in 2013.
                      You are right it had changed by 2015.

                      But the deficit was really huge in 2011. (from you reference.

                      And I am still not confused.

                    • Groundhog

                      “Yes, two ideas!!”

                      Which you conflated.

                      “But the deficit was really huge in 2011. ”

                      But you said ‘2015’. You were wrong. And the deficit in 2011 was indeed ‘huge’. It was partly the result of the decade of deficits inherited, partly the Chch rebuild, partly the GFC. In 2016, NZ is held up as a model of how to steer through these challenges.

      • Nic the NZer 12.1.2

        2. The entire notion of being poorer or richer (as a nation) here is premised on the govt deficit/surplus being an issue for the country now or in the future. It matters not a jot as ACC and Super are entirely sustainable as an as you go payment anyway.
        3. This is the way govt debt is repaid in general. By out pacing it in growth terms. Thats why countries are still ‘paying off’ debts incurreds over WW2. Its extremely difficult to pay off debt in nominal terms as each doller of surplus equates to a doller less of non govt income/savings (and the reverse). In some countries (Greece) the nominal cuts resulted in such a fall in turnover and impacts on tax take that the govt debt to GDP ratio increased substantially (and unemployment also increased of course).

        The nations wealth is entirely encapsulated in the real side of the economy and what that provides to citizens (yes including what they can afford to purchase). Its irrelevant what in govt deficit/surplus balance is for the nations wealth.

  13. Cinny 13

    How’s that super fund? Bogus surplus.

    Wonder how things are going on the ground… massive housing costs and crime rates… trickle down? I don’t think so. Underpaid striking Jnr Dr’s, rotting schools, overworked low morale police, high crime rates, homelessness, poverty, record drug abuse, suicide etc etc.

    But hey lets boast about a fucken surplus, which appears to have been eaten up in the last 24 hrs with another prison to tackle those high crime rates. Cause that’s gonna work, SMH.
    http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11731295

    Public are over it, the out going governments pie in the sky ideal of a ‘surplus headline’ is not as effective as they need it to be.

    Reality is effective, reality is the cruel outcomes of underpaid and overworked social services, a crippling housing situation and outright poverty. Judith claims it’s all because of bad parenting, maybe she should look at the results of her own parties parenting of our country.

  14. Infused 14

    Lol and everyone here’s like borrow for super fund!!!11

    This is moronic stuff. Groundhog is the only one with a clue

    • Cinny 14.1

      No, no, you are missing the point Infused… which is… we don’t pay taxes to pay down the debt of a badly managed outgoing government, we pay taxes for social services, such as the cullen fund.

  15. ropata 15

    RWNJ’s view everything through the lens of $$$$, in their tiny minds surplus = profit, therefore Key = good, he make NZ rich!

    Never mind the fact that Key & English have liquidated, asset stripped, and profit gouged every arm of the State in order to do their accounting tricks. The Government books may be (temporarily) in the black, but the people of NZ are much worse off.

    New Zealand was supposed to be a democratic nation, and the government was supposed to empower, protect and serve “The People”. I guess I can forget that shit as the FJK regime is turning NZ into a corporation whose only goal is Profit.

  16. ropata 16

    As stated on NRT:

    The only reason we have a “surplus” is because the government’s failure – or rather, refusal – to provide those services does not appear on their balance sheet. If they did, then the trick would be laid bare: all National has done is pump up the government’s books by giving us public squalor. And now they plan to leave us that mess, and the long-term costs it entails, while letting the rich run away with the profits as tax-cuts.

    This isn’t government. It’s pillage.

Recent Comments

Recent Posts

  • Government backs action to drive strong wool growth
    The Government is investing to create new product categories and new international markets for our strong wool and is calling on Kiwi businesses and consumers to get behind the environmentally friendly fibre, Agriculture Minister Damien O’Connor said today. Wool Impact is a collaboration between the Government and sheep sector partners ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Veterans Minister pays tribute to service and sacrifice at Korean War commemoration
    At today’s commemoration of the start of the Korean War, Veterans Minister Meka Whaitiri has paid tribute to the service and sacrifice of our New Zealand veterans, their families and both nations. “It’s an honour to be with our Korean War veterans at Pukeahu National War Memorial Park to commemorate ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Prime Minister’s Matariki speech 2022
    Matariki tohu mate, rātou ki a rātou Matariki tohu ora, tātou ki a tātou Tīhei Matariki Matariki – remembering those who have passed Matariki – celebrating the present and future Salutations to Matariki   I want to begin by thanking everyone who is here today, and in particular the Matariki ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • First Matariki holiday marked across New Zealand and the world
    Oho mai ana te motu i te rangi nei ki te hararei tūmatanui motuhake tuatahi o Aotearoa, Te Rā Aro ki a Matariki, me te hono atu a te Pirīmia a Jacinda Ardern ki ngā mahi whakanui a te motu i tētahi huihuinga mō te Hautapu i te ata nei.    ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Minister to attend second United Nations Ocean Conference in Portugal
    Oceans and Fisheries Minister David Parker will represent Aotearoa New Zealand at the second United Nations (UN) Ocean Conference in Lisbon, Portugal, which runs from 27 June to 1 July. The Conference will take stock of progress and aims to galvanise further action towards Sustainable Development Goal (SDG) 14, to "conserve and sustainably use ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government supports innovative dairy sheep sector to scale up
    The Government is boosting its partnership with New Zealand’s dairy sheep sector to help it lift its value and volume, and become an established primary industry, Agriculture Minister Damien O’Connor has announced. “Globally, the premium alternative dairy category is growing by about 20 percent a year. With New Zealand food ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government supports Buller flood recovery and longer term resilience
    The Government is continuing to support the Buller district to recover from severe flooding over the past year, Minister for Emergency Management Kieran McAnulty announced today during a visit with the local leadership. An extra $10 million has been announced to fund an infrastructure recovery programme, bringing the total ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government outlines plans for future COVID-19 variants
    “The Government has undertaken preparatory work to combat new and more dangerous variants of COVID-19,” COVID-19 Response Minister Dr Ayesha Verrall set out today. “This is about being ready to adapt our response, especially knowing that new variants will likely continue to appear. “We have undertaken a piece of work ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Next steps for NZ UK free trade agreement
    The Government’s strong trade agenda is underscored today with the introduction of the United Kingdom Free Trade Agreement Legislation Bill to the House, Trade and Export Growth Minister Damien O’Connor announced today. “I’m very pleased with the quick progress of the United Kingdom Free Trade Agreement Legislation Bill being introduced ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Five new members join education Youth Advisory Group
    A ministerial advisory group that provides young people with an opportunity to help shape the education system has five new members, Minister of Education Chris Hipkins said today. “I am delighted to announce that Harshinni Nayyar, Te Atamihi Papa, Humaira Khan, Eniselini Ali and Malakai Tahaafe will join the seven ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Address to the Treaty on the Prohibition of Nuclear Weapons First Meeting of States Party
    Austria Centre, Vienna   [CHECK AGAINST DELIVERY] E ngā mana, e ngā reo Tēnā koutou katoa Thank you, Mr President. I extend my warm congratulations to you on the assumption of the Presidency of this inaugural meeting of States Parties to the Treaty on the Prohibition of Nuclear Weapons. You ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Govt makes sure support workers have right to take pay-equity claim
    The Government is taking action to make sure homecare and support workers have the right to take a pay-equity claim, while at the same time protecting their current working conditions and delivering a pay rise. “In 2016, homecare and support workers – who look after people in their own homes ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Targeted second COVID-19 booster a step closer
    A law change passed today streamlines the process for allowing COVID-19 boosters to be given without requiring a prescription. Health Minister Andrew Little said the changes made to the Medicines Act were a more enduring way to manage the administration of vaccine boosters from now on. “The Ministry of Health’s ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Commerce Commission empowered to crackdown on covenants
    New powers will be given to the Commerce Commission allowing it to require supermarkets to hand over information regarding contracts, arrangements and land covenants which make it difficult for competing retailers to set up shop. “The Government and New Zealanders have been very clear that the grocery sector is not ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Plasterboard taskforce set up to ease shortages
    Ministerial taskforce of industry experts will give advice and troubleshoot plasterboard shortages Letter of expectation sent to Fletcher Building on trademark protections A renewed focus on competition in the construction sector The Minister for Building and Construction Megan Woods has set up a Ministerial taskforce with key construction, building ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • First Matariki public holiday celebrated with a unique broadcasting collaboration
    Minister for Māori Development Willie Jackson and Minister for Māori Crown Relations Te Arawhiti Kelvin Davis announced today the inaugural Matariki public holiday will be marked by a pre-dawn hautapu ceremony at Te Papa Tongarewa, and will be a part of a five-hour broadcast carried by all major broadcasters in ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Health volunteers recognised at Parliament
    Volunteers from all over the country are being recognised in this year’s Minister of Health Volunteer Awards, just announced at an event in Parliament’s Grand Hall. “These awards celebrate and recognise the thousands of dedicated health and disability sector volunteers who give many hours of their time to help other ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Trade Minister to travel to Europe, Canada and Australia to advance economic recovery
    New Zealand’s trade agenda continues to build positive momentum as Trade and Export Growth Minister Damien O’Connor travels to Europe, Canada and Australia to advance New Zealand’s economic interests. “Our trade agenda has excellent momentum, and is a key part of the Government’s wider plan to help provide economic security for ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Prime Minister to travel to Europe and Australia
    Prime Minister Jacinda Ardern will leave this weekend to travel to Europe and Australia for a range of trade, tourism and foreign policy events. “This is the third leg of our reconnecting plan as we continue to promote Aotearoa New Zealand’s trade and tourism interests. We’re letting the world know ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Remarks to ICAN Nuclear Ban Forum session “The Ban is the Plan and this is Why”
    [CHECK AGAINST DELIVERY] Nga mihi ki a koutou. Let me start by acknowledging the nuclear survivors, the people who lost their lives to nuclear war or testing, and all the peoples driven off their lands by nuclear testing, whose lands and waters were poisoned, and who suffer the inter-generational health ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New Zealand leadership contributes to significant progress at the WTO
    New Zealand’s leadership has contributed to a number of significant outcomes and progress at the Twelfth Ministerial Conference (MC12) of the World Trade Organization (WTO), which concluded in the early hours of Friday morning after a week of intense negotiations between its 164 members. A major outcome is a new ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Meth addiction service launched in Eastern Bay of Plenty
    The Government has delivered on its commitment to roll out the free methamphetamine harm reduction programme Te Ara Oranga to the eastern Bay of Plenty, with services now available in Murupara. “We’re building a whole new mental health system, and that includes expanding successful programmes like Te Ara Oranga,” Health ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Creatives in Schools Round 4 open for applications
    Kura and schools around New Zealand can start applying for Round 4 of the Creatives in Schools programme, Minister for Education Chris Hipkins and Minister for Arts, Culture and Heritage Carmel Sepuloni said today. Both ministers were at Auckland’s Rosehill Intermediate to meet with the ākonga, teachers and the professional ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Opening speech for MEETINGS 2022
    It is my pleasure to be here at MEETINGS 2022. I want to start by thanking Lisa and Steve from Business Events Industry Aotearoa and everyone that has been involved in organising and hosting this event. Thank you for giving me the opportunity to welcome you all here. It is ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Reconnecting across the Tasman: Australia – Aotearoa New Zealand Foreign Minister Consultations
    Aotearoa New Zealand Minister of Foreign Affairs, Hon Nanaia Mahuta and Australian Minister for Foreign Affairs, Senator the Hon Penny Wong, met in Wellington today for the biannual Australia - Aotearoa New Zealand Foreign Minister Consultations. Minister Mahuta welcomed Minister Wong for her first official visit to Aotearoa New Zealand ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Global challenges reflected in March quarter GDP
    The volatile global situation has been reflected in today’s quarterly GDP figures, although strong annual growth shows New Zealand is still well positioned to deal with the challenging global environment, Grant Robertson said. GDP fell 0.2 percent in the March quarter, as the global economic trends caused exports to fall ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • One million New Zealanders vaccinated against flu
    More than a million New Zealanders have already received their flu vaccine in time for  winter, but we need lots more to get vaccinated to help relieve pressure on the health system, Health Minister Andrew Little says. “Getting to one million doses by June is a significant milestone and sits ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ Principals Federation MOOT SPEECH -Friday 10 June 2022 
    It’s a pleasure to be here today in person “ka nohi ke te ka nohi, face to face as we look back on a very challenging two years when you as Principals, as leaders in education, have pivoted, and done what you needed to do, under challenging circumstances for your ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Provincial Growth Fund already delivering jobs and economic boost to the regions
    The Provincial Growth Fund (PGF) is successfully creating jobs and boosting regional economic growth, an independent evaluation report confirms. Economic and Regional Development Minister Stuart Nash announced the results of the report during a visit to the Mihiroa Marae in Hastings, which recently completed renovation work funded through the PGF. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pre-departure tests removed from June 20
    Travellers to New Zealand will no longer need a COVID-19 pre-departure test from 11.59pm Monday 20 June, COVID-19 Response Minister Dr Ayesha Verrall announced today. “We’ve taken a careful and staged approach to reopening our borders to ensure we aren’t overwhelmed with an influx of COVID-19 cases. Our strategy has ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Foreign Minister to attend CHOGM
    Foreign Minister Nanaia Mahuta will travel to Rwanda this week to represent New Zealand at the Commonwealth Heads of Government Meeting (CHOGM) in Kigali. “This is the first CHOGM meeting since 2018 and I am delighted to be representing Aotearoa New Zealand,” Nanaia Mahuta said.  “Reconnecting New Zealand with the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Joint Statement: Agreement on Climate Change, Trade and Sustainability (ACCTS) at MC12
    We, the Ministers for trade from Costa Rica, Fiji, Iceland, New Zealand, Norway and Switzerland, welcome the meeting of Agreement on Climate Change, Trade and Sustainability (ACCTS) partners on 15 June 2022, in Geneva to discuss progress on negotiations for the ACCTS. Our meeting was chaired by Hon Damien O’Connor, New Zealand’s Minister for ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Chief Censor appointed
    Internal Affairs Minister Jan Tinetti has today announced Caroline Flora as the new Chief Censor of Film and Literature, for a three-year term from 20 July. Ms Flora is a senior public servant who has recently held the role of Associate Deputy‑Director General System Strategy and Performance at the Ministry ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government tackles elder abuse
    Eleven projects are being funded as part of the Government’s efforts to prevent elder abuse, Minister for Seniors Dr Ayesha Verrall announced as part of World Elder Abuse Awareness Day.  “Sadly one in 10 older people experience elder abuse in New Zealand, that is simply unacceptable,” Ayesha Verrall said. “Our ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New connectivity funding for more rural homes and businesses
    More New Zealand homes, businesses and communities will soon benefit from fast and reliable connectivity, regardless of where they live, study and work,” Minister for the Digital Economy and Communications, David Clark said today. “The COVID-19 pandemic has shown us time and again how critical a reliable connection is for ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Phil Twyford to attend Nuclear Ban Treaty meeting
    Disarmament and Arms Control Minister Phil Twyford will lead Aotearoa New Zealand’s delegation to the Treaty on the Prohibition of Nuclear Weapons (TPNW) First Meeting of States Parties in Austria later this month, following a visit to the Netherlands. The Nuclear Ban Treaty is the first global treaty to make nuclear ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Australian Foreign Minister to visit for talks
    Foreign Affairs Minister Nanaia Mahuta will this week welcome Australian Foreign Minister, Senator the Hon. Penny Wong on her first official visit to Aotearoa New Zealand as Foreign Minister. “I am delighted to be able to welcome Senator Wong to Wellington for our first in-person bilateral foreign policy consultations, scheduled for ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government’s School Investment Package supports 4,500 projects
    State schools have made thousands of site, infrastructure and classroom improvements, as well as upgrades to school sports facilities and playgrounds over the past two and a half years through a major government work programme, Education Minister Chris Hipkins said today. The School Investment Package announced in December 2019 gave ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • PM Ardern shares warm meeting with Samoa PM
    Prime Minister Jacinda Ardern had a warm and productive meeting with Samoa Prime Minister Fiamē Naomi Mata’afa in Wellington, today. The Prime Ministers reflected on the close and enduring relationship the two countries have shared in the 60 years since the signing of the Treaty of Friendship, and since Samoa ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Govt acting to increase supermarket competition
    “Food price data shows New Zealanders pay too much for the basics and today’s figures provide more evidence of why we need to change the supermarket industry, and fast," Commerce and Consumer Affairs Minister David Clark says. Stats NZ figures show food prices were 6.8% higher in May 2022 compared ...
    BeehiveBy beehive.govt.nz
    2 weeks ago