Category: Economic Issues
The Reserve Bank has its sights set on property investors. The Bank has said for some time now that Auckland's runaway property market is unsustainable and a risk to the financial stability of the NZ economy.
If the costs of major public projects are being routinely underestimated and the benefits over-stated by those promoting such projects, then the role of providing a realistic a cost-benefit analysis should become the responsibility of an independent agency like the Auditor General.
After each general election, briefing papers are prepared by public agencies for the incoming government. They provide a snapshot of New Zealand. According to the State Services Commission, New Zealand’s government is bigger than ever before.
Last month the Reserve Bank released its half yearly Financial Stability Report. Its purpose is to report on the soundness and efficiency of New Zealand’s financial system and the measures undertaken by the Reserve Bank.
New Zealand has been a trading nation from the earliest of times. During the Australian gold rush in the 1850s, a thriving export trade in foodstuffs was created and a fledgling wool industry established.
Russia had the chance at the end of the Cold War to build a modern, diversified economy, with the enthusiastic help of the West. That chance has been squandered.
The fact that the 50 top charities made $1 billion in retained profits in the last financial year, raises legitimate questions about whether it is right that some of the country’s richest business corporations are able to use New Zealand’s liberal charities laws to avoid paying tax?
Ngai Tahu have taken advantage of the income tax legislation and charity law to grow the settlement to the point which must raise questions about the privilege of the exemption from income tax being granted to limited liability companies.
Finance Minister Bill English has just returned from an International Monetary Fund (IMF) meeting in Washington. He said that despite a fair bit of pessimism about the global economic outlook, New Zealand's economy remains resilient and our prospects for 2-3 percent growth over the next three or four years is still on track.
The drop in the Global Dairy Trade auction price, and the subsequent decrease in Fonterra’s forecast to farmers, puts the average dairy farmer in the Waikato under the poverty line.
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