Tag: treasury
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Budget 2025: Government Prioritizes Fiscal Responsibility and Economic Growth
Finance Minister Nicola Willis has announced a reduction in the Budget 2025 operating allowance to $1.3 billion, down from the previously forecast $2.4 billion. Speaking at Metco Engineering, Willis outlined the government's commitment to fiscal responsibility and economic growth amidst…
Politics and GovernmentBusinessEconomy Nicola WillisBudget 2025Economic GrowthFiscal ManagementGovernment DebtTreasury
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Reserve Bank Funding Reduced by 25% in New Agreement
The Government and the Reserve Bank board have agreed to a funding agreement that will reduce the bank's budgeted operating expenses by approximately 25% in the coming year. Finance Minister Nicola Willis stated that the new five-year agreement reflects the…
Reserve BankNicola WillisGovernment FundingTreasuryOperating ExpensesFinance