Economy News

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The operating balance before gains and losses (obegal) was a deficit of $3.99 billion in the 10-months ended April 30 (Photo: Jared Mason)

Deficit beats forecast after big tax take

The Government reported a smaller operating deficit than predicted in last month's Budget forecasts as improving corporate profitability underpinned a bigger company tax take.

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The OECD's two-yearly review of the economy recommends a capital gains tax

OECD urges capital gains tax for NZ

An OECD report on New Zealand supports key elements of the Labour and Green parties' policies for making the economy grow faster and distribute wealth more fairly.

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Prime Minister John Key

Key labels opposition 'wacky, extreme' video

Key has attacked the Labour-Greens alliance, calling their economic agenda "wacky, extreme and unusual".

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Meat shipments were held up for nearly a month on Chinese wharves. (File)

Meat shipments to China start moving

Meat shipments held up for weeks on Chinese wharves have finally started moving to markets.

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Forest & Bird is fighting the mining plans in court (file pic)

Mining deal will save species - minister video

Nick Smith says the deal with Bathurst will see native species on the Denniston Plateau protected, not obliterated.

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Health under-spend taking its toll video

Last weeks budget acknowledged there had been a ten million dollar under-spend in health workforce training.

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Primary Industries Minister Nathan Guy

Meat stand-off nearly over video

Primary Industries Minister Nathan Guy is blaming officials in his own ministry for bungling certifications for meat products exported to China

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Minister of Primary Industries Nathan Guy

Held-up meat costing millions video

Govt officials now admit they don't actually know why China is blocking New Zealand meat and they also don't know when it will end.

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Up to $100M worth of chilled and frozen meat is sitting on wharfs

Meat exports to China at a standstill

Meat exports to China are at a standstill as the Government tries to sort out problems that are holding up consignments.

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China has a "very bureaucratically structured system"

Meat still waiting to enter China video

There's still no word from the Government on when stalled shipments of meat will be cleared to enter China.

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English 'confident' with Budget surplus video

Finance Minister Bill English joins The Nation in the studio to discuss the Budget.

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Auckland currently grants an average of 3,600 consents a year

Banks given credit downgrade warning video

An international credit rating agency has placed eight smaller New Zealand banks on notice of a credit downgrade.

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