May 23, 2012

Budget shows disciplined approach – but only for public debt

The 2012/13 Budget has met the Government’s commitment to fiscal discipline by paring back the fiscal deficit over the next two years (it’s down to -$8.4 billion in 2011/12) to deliver a surplus in 2014/15. But it will be a thin one ($197 million), according to Budget Day projections, and Finance Minister Bill English said getting there would be a tough slog.

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etailing takes off

Online shopping now accounts for almost a fifth of all purchases in developed markets and is growing at between 15 and 20 percent per annum, according to a new report by Goodman Group.

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Ethnic links bolster NZ economy

Ethnic businesspeople in New Zealand are leading the way in doing business with some of New Zealand’s key export markets, according to the ANZ’s 2012 Privately-owned Business Barometer, a survey of 4000 businesses across the country. 

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Prisons, pests and green stuff

Projects on police recruitment, smokefree prisons, pest eradication and blood transfusions are among 27 initiatives picked as finalists for this year’s Institute of Public Administration New Zealand (IPANZ) gen-i Public Sector Excellence Awards. 

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