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Top News In பிரே தேர்தல் பொருளாதார Today - Breaking & Trending Today

Treasury less gloomy but says NZ will still be poorer post-Covid-19

Housing shortage and low interest rates likely to continue to push house prices up.
The Treasury has signalled tomorrow’s Half-year Economic and Fiscal Update will be even more optimistic than its pre-election forecasts.
In its post-election briefing to Finance Minister Grant Robertson, the Treasury said its Pre-election Economic and Fiscal Update had forecast the economy had shrunk 3.1% in the year to the end of June 2020 and would contract by 0.5% in the year to the end of June 2021.
“Our preliminary half-year economic and fiscal forecasts show a smaller downturn and faster recovery,” it said.
But the Treasury said the challenge facing the economy remained the same and New Zealand would still ....

New Zealand , Grant Robertson , Half Year Economic , Fiscal Update , Finance Minister Grant Robertson , Pre Election Economic , புதியது ஜீலாந்து , மானியம் ராபர்ட்சன் , பாதி ஆண்டு பொருளாதார , நிதி புதுப்பிப்பு , நிதி அமைச்சர் மானியம் ராபர்ட்சன் , பிரே தேர்தல் பொருளாதார ,

Brian Fallow: Government debt target? What government debt target?

Brian Fallow: Government debt target? What government debt target?
11 Feb, 2021 04:00 PM
6 minutes to read
Grant Robertson with this week s Budget Policy Statement - complete with a cover photo he took himself. Photo / Mark Mitchell
Grant Robertson with this week s Budget Policy Statement - complete with a cover photo he took himself. Photo / Mark Mitchell
OPINION:
Perhaps the most striking thing about the Budget Policy Statement Grant Robertson released on Tuesday was what it did not say.
He has dropped any quantified target for net government debt.
But this is
not a case of drawing a veil over a profligate approach to fiscal policy. ....

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Government up $1.9 billion, as recovery softens pandemic hit

Kathryn George and Aaron Wood/Stuff
In May, Stuff published an explanatory feature on the historic Covid-19 Budget, announced by Finance Minster Grant Robertson. The feature included this quick guide to a Budget deficit.
New Zealand has relatively soft landing from the pandemic, according to the latest Crown accounts.
The accounts, which take in the five months ending on 30 November 2020 still show an OBEGAL deficit of $4.3 billion, but that’s a whole $1.9b better than the deficit forecast in Treasury s most recent set of forecasts, the Half Year Economic and Fiscal Update, or HYEFU.
Those forecasts were also finished on November 30, 2020, meaning that by the time they were published in December, they were already billions of dollars off target. However, this could change as the year goes on and expenses ramp up. ....

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The REIA president weighs in on 2021

Recently re-elected Real Estate Institute of Australia (REIA) president Adrian Kelly has expressed a positive sentiment around the national property market over the next 12 months. ....

Adrian Kelly , Real Estate Institute Of Australia , Real Estate Institute , Pre Election Economic , Fiscal Outlook , Real Estate , ரியல் எஸ்டேட் நிறுவனம் ஆஃப் ஆஸ்திரேலியா , ரியல் எஸ்டேட் நிறுவனம் , பிரே தேர்தல் பொருளாதார , நிதி ஔட்‌லுக் , ரியல் எஸ்டேட் ,

Advice warning 9000 jobs could be affected by $20 minimum wage deemed 'out of date' by Minister

Advice warning 9000 jobs could be affected by $20 minimum wage deemed out of date by Minister
17 Dec, 2020 03:07 AM
4 minutes to read
MBIE advised the Government to raise the minimum wage to $19.15 in October. The Minister has called that advice out of date . Photo / 123rf
MBIE advised the Government to raise the minimum wage to $19.15 in October. The Minister has called that advice out of date . Photo / 123rf
Political reporter, NZ Herald@AmeliaJWade
The Minister for Workplace Relations is brushing off advice warning that increasing the minimum wage to $20 in April could lead to low-paid workers losing their jobs.
Michael Wood said the Ministry of Business, Innovation and Employment s recommendation not to increase it to $20 because it could affect 9000 jobs was based on out-of-date economic data. ....

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