Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Wgtn Regional Chamber of Commerce Welcomes Budget

Press Statement

Wellington Regional Chamber of Commerce Welcomes Business Friendly Budget Outcomes

“The Budget contains several pieces of good news for small and medium sized business” says Charles Finny, CEO of the Wellington Regional Chamber of Commerce. “The proposed changes to depreciation rates are consistent with calls from small and medium sized business, as were the already announced changes to fringe benefits tax.”

“Funding increases for small and medium sized business development through such initiatives as BIZ Info, Business in the Community and Project Collaboration are also to be welcomed”, said Charles Finny, “the Chamber looks forward to continuing work with Government in these areas.”

“Increased funding for essential infrastructure such as roading is also a positive step, but increases of $100 million a year over the next three years is not enough. Auckland and Wellington and several other parts of the country are facing a roading crisis. With Government achieving and forecasting continuing healthy surpluses, now is the time to invest substantially more in road projects over the next few years,” Finny concluded.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

"Broad-Based Growth": GDP Rises 1 Percent In June Quarter

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. More>>

ALSO:

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

ALSO:

Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

ALSO: