June 2nd, 2025

Finance

The dip in tax revenue is slightly offset by core Crown expenses being $0.7 billion below forecast, but the Operating Balance before Gains and Losses (OBEGAL) still recorded a deficit of $3.4 billion.
Finance
2 years ago

Government financial resilience tested as revenue growth slows

The government finances remain resilient despite an economic slowdown that has resulted in core Crown tax revenue falling $2.3 billion below forecast, according...

Global headline inflation is expected to fall from 8.7% in 2022 to 7.0% in 2023, while core inflation is likely to decline more slowly.
Finance
2 years ago

IMF report warns of global economic slowdown amid financial sector turmoil and stubbornly high inflation

The International Monetary Fund (IMF) reports that early 2023 hopes of a soft landing for the world economy have faded due to persistently...

Featured News

The breakdown of the consents showed a 0.5 percent decrease in stand-alone houses and a more significant 10 percent decline in multi-unit homes, which includes townhouses, apartments, retirement village units, and flats.

Low-income households struggle as NZ housing costs soar

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Net worth has fluctuated due to shifting asset values, particularly in property and investment holdings.

Household spending surpasses income as net worth drops by $47 billion

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The significant decrease in fruit and vegetable prices has been a major factor in the overall modest inflation.

Food prices see smallest annual increase since 2018

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Provisional figures indicate that New Zealand saw 229,100 (± 3,500) migrant arrivals in the April 2024 year, marking a 25% increase from the previous year.

Record surge in migrant arrivals and departures for New Zealand in April 2024

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Socioeconomic inequalities in greenhouse gas emissions from household travel in New Zealand

Socioeconomic inequalities in greenhouse gas emissions from household travel in New Zealand

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