December 18th, 2024

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
1 year 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
1 year 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

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

News
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

News
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

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

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

News
Auckland region had the largest increase in earnings over the year to March 2024, up to $64.9 billion from $59.6 billion in the March 2023 year.

Total gross earnings in New Zealand up by 8.6% in year to March 2024

Business