Tag: Treasury

Budget 2016 – Scoop Full Coverage

Article – The Scoop Team Scoop will be updating this page with Budget announcements, reaction and analysis once the Budget is released at 2pm. Hit reload to see the latest version. Budget 2016 – Scoop Full Coverage Parliament Live – LIVE Video Of Budget 2016 from 2pm The 2016 New Zealand Budget will be delivered on Thursday 25 May. Scoop will be updating this page with Budget announcements, reaction and analysis once the Budget is released at 2pm. Hit reload to see the latest version. <!– CLICK TO JUMP TO SCOOP BUDGET COMMENTARY AND REPORTS CLICK TO JUMP TO THE BUDGET PRESS RELEASES CLICK TO JUMP TO BUDGET REACTION CLICK TO JUMP TO BUDGET PREVIEWS For the latest headlines and reaction see.. PARLIAMENT WIRE…, POLITICS WIRE…, BUSINESS WIRE…, EDUCATION WIRE…, HEALTH WIRE… –> RELATED LINKS: For the full text (when released) of the budget see… TREASURY BUDGET 2016 WEBSITE See also the BEEHIVE BUDGET PAGE For previous budgets see… BUDGET 2015 – BUDGET 2014 – BUDGET 2013 – BUDGET 2012 – BUDGET 2011 – BUDGET 2010 – BUDGET 2009 – BUDGET 2008 – BUDGET 2007 – BUDGET 2007 – BUDGET 2006 – BUDGET 2005 – BUDGET 2004 – BUDGET 2003 – BUDGET 2002 – BUDGET 2001 & BUDGET 2000 BUDGET 2016 PREVIEWS & REACTION Parliament Today – Ministers Turn Focus to Budget 2016 Parliament Today – Questions & Answers...

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Gordon Campbell on how class colours Panama Papers reactions

Column – Gordon Campbell Not many heroes so far in the Panama Papers saga, but any number of villains. Those villains happen to include: criminals laundering their ill gotten gains, terrorists funding their nefarious activities, and shadowy figures guilty of varying levels … Gordon Campbell on how class colours the reactions to the Panama Papers Not many heroes so far in the Panama Papers saga, but any number of villains. Those villains happen to include: criminals laundering their ill gotten gains, terrorists funding their nefarious activities, and shadowy figures guilty of varying levels of larceny stashing their wealth in bolt-holes, offshore. Much of the talk about the need for greater “transparency” and “reputational risk” is about whether New Zealand is aiding and abetting such people – either (a) consciously for gain (b) carelessly or (c) via an ideological reluctance to regulate the foreign trust sector. In the murkier, moral grey zone however, reside the lawyers and lobbyists and enablers who profit from this trade – some of which is legal, and some of which isn’t. There are also the pliable politicians, and the lobbyists out to influence them. In addition, there are the investors hiding money from the taxman quite legally – and apparently feeling few pangs of conscience about being social parasites. So far, the policy response to the Panama Papers revelations has reflected the differences – and...

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Pre-Budget Speech to Business New Zealand event

Speech – New Zealand Government Budget 2016 Pre-Budget Speech to Business New Zealand event Wellington Wednesday, 13 April 2016 Its good to be back here for my annual pre-Budget speech and I want to thank Business New Zealand for hosting me once again. This years Budget will …Budget 2016 Pre-Budget Speech to Business New Zealand event Wellington Wednesday, 13 April 2016 It’s good to be back here for my annual pre-Budget speech and I want to thank Business New Zealand for hosting me once again. This year’s Budget will be delivered against a backdrop of a growing economy, supported by strong levels of tourism and migration, a large pipeline of construction projects and low interest rates. Notwithstanding challenges in the dairy industry, most New Zealand forecasters are predicting growth of around 3 per cent on average over the next few years. That’s a good position for the country to be in. In fact, over the last five years New Zealand has had one of the fastest growth rates in the OECD. However, nothing is guaranteed. There are always risks, and at the moment these revolve around issues like the ability of China to smoothly negotiate its economic challenges. On the other hand, the economy could do better than forecast. That’s why the Government takes a medium-term approach to fiscal policy, looking through ups and downs and focusing on the...

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Speech: Connecting with Asia

Press Release – New Zealand Treasury Speech delivered in Auckland by the Secretary to the Treasury, Gabriel Makhlouf, 9 March 2016.Connecting with Asia: How do we Deepen our Integration into the Region? Published 9 Mar 2016 Speech delivered in Auckland by the Secretary to the Treasury, Gabriel Makhlouf, 9 March 2016. — Good afternoon. It’s a pleasure to be here. The global economy is changing rapidly, and the Asia-Pacific region lies at the heart of that change. The countries that participate in the APEC forum, which includes most of Asia and the Pacific Rim, contain 2.8 billion people, account for nearly 60% of world output and 50% of world trade[1]. If we include India, we are talking about a region that contains just over half of the world’s population. And the majority of countries in the region have GDP per capita that is lower than New Zealand’s, suggesting significant potential for further growth. We in New Zealand have strong connections on both sides of the Asia-Pacific region, which puts us closer to the driving force of global economic activity than ever before. I want to come back to the importance of the Eastern Pacific at a later date. Today, I want to speak about Asia. You may be wondering why the Treasury has a particular interest in Asia. We know that several decades of rapid economic growth in Asia...

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Gordon Campbell on the Defence Force’s spending bonanza

Column – Gordon Campbell It has been a fairly typical week for this government mental health services in Christchurch slashed , further massive cuts to DHB funding , and the abdication of its responsibility for social housing . Gordon Campbell on the Defence Force’s spending bonanza It has been a fairly typical week for this government… mental health services in Christchurch slashed, further massive cuts to DHB funding, and the abdication of its responsibility for social housing. Incredibly, the editorial writers at the New Zealand Herald have suggested that the latest health system cutbacks are ‘brave’ politics. Hmmm… ‘brave’ isn’t the first adjective that comes to mind. Callous, heartless, stupid, and shortsighted all seem more appropriate, given an ageing population and the levels of unmet need in the health system. Just a small definitional point: ‘brave’ used to be a term for those risking harm to themselves to prevent harm to vulnerable people. Now it’s a term for ‘daring’ to inflict harm on vulnerable people. Simultaneously, a government that’s willing to slash the health system is planning to spend $11 billion dollars in the next ten years on new gear for our Defence Forces. That’s not a misprint. The scale of the Defence spend-up over the next decade is truly stupendous. As yet, it simply has not sunk in with the general public just how much they stand to...

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