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


Budget 2008 - Further Comment

22 May 2008

Media Release

Budget 2008 - Further Comment

Initiatives identified by the Auckland Chamber of Commerce from today’s Budget as being positive for business and an investment in the economy included:

• Increased funding for Ministry of Foreign Affairs – from a business perspective we would like some assurances that these funds will be targeted towards activity that will grow export opportunities for all NZ businesses.

• Beachheads – this activity is focused on high growth companies entering selected markets and should be further expanded.

• Broadband – the availability of a $500m fund to accelerate broadband access to business, local government and schools and to extend the reach of broadband to under-served regions.

• Simplification of tax compliance and therefore paperwork for SMEs.

• Skills strategy


© Scoop Media

Business Headlines | Sci-Tech Headlines


Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>