Category: economy
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New Zealand Retail Sales Volume Rises 0.8% in March 2025 Quarter
New Zealand's retail sector saw a slight increase in sales volume during the March 2025 quarter, according to Stats NZ. The total volume of retail sales rose by 0.8 percent compared to the December 2024 quarter, after adjusting for price…
BusinessEconomyTradeAustralasia Retail SalesStats NZMarch 2025Economic IndicatorsRetailMichelle FeyenStatistics New Zealand
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Media Monitor: New Zealand Government Announces Spending Cuts
RNZ is reporting that the New Zealand coalition government has cut an average of $5.3 billion in government spending for each of the next four years in its latest budget. It said about half of the savings come from an…
Politics and GovernmentBusinessSportWorldFederal GovernmentEconomyEmployment and LaborRugby Government SpendingBudget CutsKiwiSaverNicola WillisPay EquityFinanceRNZ News
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ActionStation Aotearoa Slams Coalition Government Budget
ActionStation Aotearoa criticizes the Coalition Government's budget, alleging it redistributes income from low-income individuals and families to the wealthy. According to ActionStation, these changes exacerbate existing cuts to public services and recent decisions to reduce the pay of some of…
Politics and GovernmentBusinessSocial IssuesEconomyEmployment and LaborEducation ActionStation AotearoaCoalition Governmentbudgetincome inequalitypublic servicesKassie HartendorpJobseeker Support
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Green Party Slams Budget for Failing to Address Poverty
The Green Party criticizes the Government's Budget, claiming it will increase poverty, especially among vulnerable teenagers. Ricardo Menéndez March, the party’s spokesperson for Social Development and Employment, stated that the Budget, dubbed the ‘Growth Budget,’ will lead to a "growth…
Politics and GovernmentSocial IssuesGeneral PoliticsState GovernmentsEmployment and LaborPovertyEconomy Green PartyRicardo Menéndez MarchSocial DevelopmentEmploymentChild PovertyGovernment BudgetAotearoa
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KiwiSaver Changes in Budget 2025 to Boost Retirement Savings for Many
Budget 2025 will bring changes to KiwiSaver, increasing the amount saved for retirement for many New Zealanders. Employee and employer contributions will rise to 3.5% from April 1, 2026, and then to 4% from April 1, 2028. The government contribution…
Politics and GovernmentBusinessEconomy KiwiSaverBudget 2025Retirement CommissionerJane WrightsonRetirement IncomeFinance
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Taxpayers' Union Slams Budget 2025 as a 'Fudge'
The New Zealand Taxpayers’ Union has criticized Budget 2025, calling it a disappointment. Taxpayers’ Union Spokesman Jordan Williams stated, "Nicola Willis has failed," suggesting the budget resembled one that could have been delivered by Grant Robertson. Williams claims Willis promised…
Politics and GovernmentBusinessEconomy New Zealand Taxpayers’ UnionBudget 2025Nicola WillisGrant RobertsonOBEGALGDPGovernment Spending
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Budget 2025 Accused of Taking $12 Billion from Women
The Public Service Association Te Pūkenga Here Tikanga Mahi (PSA) has strongly criticised Budget 2025, claiming it takes over $12 billion from New Zealand women through pay inequity. PSA National Secretary Fleur Fitzsimons called it "a mean and heartless Budget…
Politics and GovernmentBusinessHealthEmployment and LaborEconomySocial Issues Budget 2025Public Service AssociationPSAFleur Fitzsimonspay equitywage theftgovernment spending
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Budget 2025 Prioritizes Savings for Investment and Growth, Says ACT Leader
ACT Leader David Seymour says Budget 2025 prioritizes saving to invest in essential services and bolster economic growth. Seymour stated that ACT's influence ensured the Budget's government growth is less than half the rate of inflation. He emphasized that wage…
Politics and GovernmentBusinessEconomyFederal Government Budget 2025David SeymourACTRegulatory Standards BillBrooke van VeldenEconomic GrowthGovernment
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Labour Leader Slams Budget as Detrimental to Women and Young People
Labour Leader Chris Hipkins criticizes the newly released budget, calling it a series of "wrong decisions" for New Zealanders. Hipkins accuses the government of prioritizing tax cuts over essential services and fair wages, particularly for women. According to Hipkins, the…
Politics and GovernmentBusinessSocial IssuesEconomyLabour PartyEmployment and LaborFinancial Markets Chris HipkinsNicola WillisChristopher LuxonKiwiSaverAusterityGovernment Spending
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NZ Budget 2025: New Housing Investment Approach
A new housing investment approach, outlined in Budget 2025, aims to deliver appropriate housing solutions to the right people, according to Housing Minister Chris Bishop and Associate Housing Minister Tama Potaka. The plan includes a new Flexible Fund and increased…
Politics and GovernmentBusinessSocial IssuesAustralasiaEconomyState GovernmentsFinancial MarketsReal Estate HousingBudget 2025Chris BishopTama PotakaSocial HousingCommunity Housing
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NZ Budget 2025: Millions to Deliver New Social Homes
The New Zealand government is set to inject NZ$128 million over four years to deliver at least 550 new social homes in Auckland in the 2025/26 year, adding to the 1,500 new social homes funded through Budget 2024. Housing Minister…
Politics and GovernmentBusinessSocial IssuesAustralasiaEconomyState GovernmentsFinancial MarketsReal Estate Budget 2025social housingChris BishopTama PotakaAucklandhousing investment
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Budget 2025 Prioritizes Economic Growth, Says ACT Leader
ACT Leader David Seymour has lauded Budget 2025 as a victory for taxpayers, emphasizing its focus on economic growth through savings, investment, and reduced red tape. According to Seymour, the Budget increases by $1.3 billion this year, just under one…
Politics and GovernmentBusinessHealthEconomyEducationLegal Budget 2025David SeymourACTEconomic GrowthGovernment SpendingKiwiSaverHealthcare
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New Zealand Boosts Investment to Tackle Rising Tax Debt
The New Zealand government is set to increase its investment in pursuing tax evasion, according to Revenue Minister Simon Watts. The move comes in response to the country's rising tax debt, which reached $8.5 billion by the end of 2024.…
Politics and GovernmentBusinessEconomyFederal GovernmentFinancial MarketsLegal tax evasionSimon WattsBudget 2025Inland Revenuetax compliancetax debt
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NZ Budget 2025 Boosts Disability Support Services
More than 7,000 disabled New Zealanders are set to benefit from improved residential care, thanks to a $240 million boost over four years announced in today’s Budget. This funding is in addition to the existing $1 billion annual investment in…
Politics and GovernmentHealthSocial IssuesEconomy Budget 2025Disability Support ServicesLouise UpstonResidential CareFundingGovernment
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Government Cuts RNZ Funding By 7 per cent In Budget 2025
The New Zealand government will invest $6.4 million over four years in local journalism, with funding distributed through NZ on Air, according to Media Minister Paul Goldsmith. The investment aims to bolster council, community, and court reporting across the country.…
Politics and GovernmentMediaEconomyGeneral PoliticsState GovernmentsDigital and Print PublishingLegal Paul GoldsmithNZ on AirRadio New ZealandMedia ReformLocal JournalismBudget 2025
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New Zealand Boosts Healthcare with Record $7 Billion Investment
The New Zealand government is boosting healthcare with a record $7 billion investment, according to Health Minister Simeon Brown. Budget 2025 allocates this funding to improve health services and facilities. The budget includes a $1.37 billion annual increase to Health…
HealthPolitics and GovernmentEconomyMedical ScienceState Governments healthcareSimeon BrownBudget 2025Health New Zealandprimary careinvestment
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Budget 2025: Rates Relief Extended to 66,000 More SuperGold Cardholders
Budget 2025 will extend rates relief to an additional 66,000 SuperGold cardholders, according to Local Government Minister Simon Watts and Seniors Minister Casey Costello. The government plans to introduce a new income abatement threshold from July 1 to assist SuperGold…
Politics and GovernmentBusinessSocial IssuesEconomyFederal GovernmentState Governments Budget 2025SuperGold CardRates Rebate SchemeSimon WattsCasey CostelloLocal GovernmentSeniors
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NZ Budget 2025: Working for Families Scheme to Increase Support
The New Zealand government plans to increase support for low and middle-income families through changes to the Working for Families scheme, as announced in Budget 2025. Approximately 142,000 families will receive an average of $14 extra per fortnight, with the…
Politics and GovernmentEconomySocial Issues Budget 2025Working for FamiliesLouise UpstonSimon WattsSocial DevelopmentTax Credit
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New Zealand Boosts Science and Innovation for Economic Growth
The New Zealand government is backing science and innovation to boost economic growth, according to Science, Innovation and Technology Minister Dr Shane Reti. Budget 2025 will reallocate existing funds towards growth-promoting investments in these sectors. The aim is to enable…
Science & TechnologyPolitics and GovernmentBusinessEconomyFederal GovernmentMedical ScienceEnvironmentAgriculture Shane RetiBudget 2025ScienceInnovationGene TechnologyEconomic Growth
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New Zealand Launches Invest New Zealand to Attract Global Investment
The New Zealand government is establishing Invest New Zealand, a dedicated agency aimed at attracting global capital, businesses, and talent to bolster the nation’s high-value industries and drive economic growth. Trade and Investment Minister Todd McClay announced the initiative, backed…
Politics and GovernmentBusinessEconomy InvestmentTodd McClayInvest New ZealandRob MorrisonGovernmentEconomic Development
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New Zealand to Increase KiwiSaver Contributions in 2025
The New Zealand government plans to increase KiwiSaver contributions to encourage savings for first homes and retirement, according to Finance Minister Nicola Willis. The changes, part of Budget 2025, aim to make the scheme more fiscally sustainable. The default rate…
Politics and GovernmentBusinessEconomy KiwiSaverNicola WillisBudget 2025Retirement savingsGovernment contributionFinancial security
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New Zealand Launches 'Investment Boost' Tax Incentive
The New Zealand government has launched Investment Boost, a new tax incentive aimed at encouraging business investment and economic growth, according to Finance Minister Nicola Willis. The incentive allows businesses to immediately deduct 20 per cent of the cost of…
Politics and GovernmentBusinessEconomyFinancial MarketsTradeEmployment and LaborState Governments Nicola WillisInvestment Boosttax incentiveeconomic growthbusiness investmentGDP
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New Zealand Budget 2025 Aims to Secure Economic Recovery
Budget 2025 focuses on securing New Zealand's economic and fiscal recovery through various initiatives, according to Finance Minister Nicola Willis. The budget aims to boost growth, investment, and savings, while also targeting essential services and infrastructure. It also seeks to…
Politics and GovernmentHealthBusinessEconomyEducationLaw Enforcement Budget 2025Nicola WillisKiwiSaverInvestmentInfrastructureFiscal Policy
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Budget 2025 Aims to Reduce Child Poverty Through Targeted Initiatives
Budget 2025 includes initiatives aimed at supporting families and reducing child poverty, according to the Child Poverty Report 2025. The report, presented by the Minister of Finance, Hon Nicola Willis, on Budget Day, assesses progress in reducing child poverty and…
Politics and GovernmentSocial IssuesEconomy Budget 2025Child Poverty Reduction Act 2018Nicola WillisWorking for FamiliesSocial Investment Fundchild povertyPublic Finance
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Budget 2025 Aims to Grow Economy and Help Kiwis Get Ahead
Budget 2025 focuses on growing the economy to help New Zealanders get ahead, according to Prime Minister Christopher Luxon. The government's plan aims to boost jobs and manage the economy carefully. "The Government’s economic plan is working," Luxon stated, noting…
Politics and GovernmentBusinessEconomy Budget 2025Christopher LuxonEconomic GrowthKiwisInvestmentTax
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FMA Reviews Expiring Class Exemption Notices
The Financial Markets Authority (FMA) is seeking feedback on its review of 14 class exemption notices and three class designation notices that support the Financial Markets Conduct Act 2013 (FMC Act). These notices are set to expire between December 2025…
Politics and GovernmentBusinessAustralasiaFinancial MarketsEconomyLegal
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New Zealand's Trade Surplus Soars to $1.4 Billion in April 2025
New Zealand's merchandise trade surplus reached $1.4 billion in April 2025, a significant increase from the $12 million deficit in April 2024, according to Stats NZ. This marks one of only four monthly surpluses exceeding $1 billion for New Zealand,…
BusinessTradeEconomyAustralasia trade surplusStats NZViki Wardmerchandise tradedairy industryfruit industry
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New Zealand Scraps Digital Services Tax Bill
The Government has decided to discharge the Digital Services Tax Bill from the legislative programme, according to Revenue Minister Simon Watts. The Digital Services Tax Bill, introduced in 2023 by the previous Government, aimed to address taxation challenges posed by…
Politics and GovernmentBusinessEconomyTradeFederal Government Digital Services Tax BillSimon WattsOECDTaxationRevenueGovernment
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Media Monitor: RNZ reports on mental health system failure in double killing case
RNZ is reporting that the former partner of a man who committed two killings more than two decades apart says he should not have been released from a mental health facility five days before his second killing. She said there…
Politics and GovernmentHealthSportWorldBusinessGeneral PoliticsFederal GovernmentMedical ScienceEconomyLegal RNZMental Health ActTe Pati MaoriRun It StraightWinston PetersDonald TrumpRNZ News
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New Zealand Parliament Gears Up for Budget Debate and Policy Showdowns
New Zealand's Parliament is set for a busy week, with debates on the Privilege Committee’s report into Te Pāti Māori and the Regulatory Standards Bill. The Coalition Government will also present its second Budget, focusing on reduced spending to stimulate…
Politics and GovernmentBusinessEconomyGeneral Politics ParliamentBudgetACT PartyGreen PartyTe Pāti MāoriCoalition Government