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The latest report from the Financial Action Task Force, the global watchdog for money laundering and terrorist financing, assesses the risks New Zealand faces and looks at what laws and measures are in place and how well they are working.
It praised New Zealand for its work in recovering the proceeds of crime and for agencies ability to work together to use intelligence to investigate suspected crimes and trace and seize illicit assets. The New Zealand Police Financial Intelligence Unit (FIU) produces and disseminates a wide range of financial intelligence products, which generally support the operational needs of competent authorities, the report said.
Disruptions caused by the ongoing pandemic are expected to be reflected in the fourth quarter inflation data to be released later today.
Annual inflation was expected to be in a range of 1.0 to 1.4 percent, which was well below the midpoint of the Reserve Bank s 1.0 to 3.0 percent target range (file image).
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Economists were expecting the December quarter Consumer Price Index to be flat or up slightly on the September quarter, in a range of 0.0 to 0.3 percent.
Annual inflation was expected to be in a range of 1.0 to 1.4 percent, which was well below the midpoint of the Reserve Bank s 1.0 to 3.0 percent target range.
Taxpayers have stumped up an extra $550 million to pay public-sector employees in the last year.
All up, 1247 public servants are earning more than $200,000 a year - a 5 percent rise on the previous year.
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That was a 13 percent rise in just one year.
In the last financial year a further 62 public service staff were paid salaries of more than $200,000, representing a 5 percent increase.
Altogether, 1247 staff now earn above that amount.
Over the last decade the total cost of salaries in the public sector has gone up by 69 percent, to $4.84 billion.
The average salary is now $84,500, up four percent on the year before.