Page 40 - Scott Base News Today

The fund was allocated $354 million in the 2022 financial year, rising to $608m the following year, funded by the Covid-19 Response and Recovery Fund. “We have the opportunity to build the houses, schools, hospitals and transport networks our country needs, while adding momentum to our economic recovery,” said Finance Minister Grant Robertson. Getty Images The Governemnt has committed $57.3b to infrastructure spending over the next five years. “Budget 2021 sees a 50 per cent increase i...

Thursday, 20 May 2021, 3:43 pm Canterbury Employers’ Chamber of Commerce (The Chamber) Chief Executive Leeann Watson says today’s Budget 2021 announcement has largely overlooked the role of business in the country’s economic recovery. Finance Minister Grant Robertson outlined his fourth Budget today, which focused on the three pillars of child poverty, affordable housing and climate change. Ms Watson says: "Rather than taking a balanced approach within this Budget on societal issues and ...

New Zealand Prime Minister Jacinda Ardern unveiled a big-spending budget Thursday aimed at stimulating the coronavirus-hit economy while carrying out long-awaited progressive reforms.

Share on Twitter New Zealand has significantly lifted welfare benefit rates and promised billions of dollars towards addressing long-term challenges in its 2021 budget, while forecasting a stronger than expected economic recovery from the COVID-19 pandemic. The budget for the 2021 fiscal year, revealed on Thursday, allocated funds towards housing, healthcare, education and infrastructure, while also targeting issues like child poverty, climate change and Maori welfare. The highlight...

Budget 2021 unveiled: Pharmac boost falls short, beneficiaries win big, social insurance in the works Newshub 3 hrs ago © Video - Newshub; Image - Getty Images Watch Finance Minister Grant Robertsons speech in Parliament. The Government is boosting Pharmacs budget by $200 million, falling well-short of expectations, but beneficiaries are getting a major boost and social security insurance is in the works.  Newshub recently revealed the Governments drug-buying agency Pharmac would need $40...

Budget 2021: Treasury predicts solid growth on boost in infrastructure spending (Photo / NZ Herald) Thu, 20 May 2021, 2:33PM The economy is expected to grow at a healthy clip and unemployment to fall close to 4 per cent in the coming years, with a big increase in infrastructure spending driving rosy forecasts from the Treasury. Finance Minister Grant Robertsons 2021 Budget includes $57.3 billion in infrastructure spending between 2021 to 2025, increasing what was already a ...

Ardern Targets Inequality as N.Z. Budget Shows Stronger Recovery May 20 2021, 6:12 PM May 20 2021, 7:31 AM May 20 2021, 6:12 PM (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. New Zealand projected faster economic growth and smaller deficits in its annual budget, allowing Prime Minister Jacinda Ar...

May 20, 2021 Share New Zealand plans to rebuild its Antarctic base and spend billions more on welfare payments as part of a spending program aimed at lifting the economy out of a coronavirus slump. The government on Thursday unveiled its annual budget, which indicated the economy is doing much better than forecast after the pandemic first hit. That’s thanks in large part to the nation’s success in stopping the spread of the virus, as well as strong international demand for the natio...

Robertson has the winds of a stronger-than-expected economic recovery at his back as he splashes the cash. Despite spending an extra $19 billion over the next four years, Treasury expects the Governments deficit to shrink to less than 1 per cent of GDP by 2025, with strong economic, employment, and wage growth increasing the tax take, and reducing the number of beneficiaries. STUFF Stuff political reporters Henry Cooke and Luke Malpass give a quick first look at the 2021 budget. By then the ...

Matt Palmer/Unsplash The gravitational changes when Antarctica melts do indeed affect sea levels all over the world – but not enough to save New Zealand from rising seas. “First, the addition to the sea occasioned by the melting of the ice from off the Antarctic land would tend to raise the general level of the sea. “Secondly, the removal of the ice would also tend to shift the Earth’s centre of gravity to the north of its present position – and as the sea must shift along with the ...