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

 


Hidden Gems in Budget for Wellington

Hidden Gems in Budget for Wellington

Today’s restrained Budget is exactly what New Zealand needs to cement-in the economic gains of the past few years, says Wellington Employers’ Chamber of Commerce Chief Executive Raewyn Bleakley.

“This Budget will build on the platform of a return to strong and sustainable growth.

“The economy is on the right track, and the forecast $372 million surplus and growth of between 2% and 4% over the next four years, shows that the pain and restraint of recent times will have been worth it.

“The prospect of more jobs, higher wages, and even tax cuts further down the track will be welcomed across the economy.

“Business will welcome the boost for research and development, particularly the tax breaks for loss-making start-ups and tax deductibility for ‘black hole’ expenditure.

“These are the type of things that will help drive sectors such as Wellington’s innovative ICT industry, and that’s exactly what this country needs.

“The boost for tertiary education and research in science, agriculture, training, and initiatives will likewise help to further feed much-needed skills into business.

“We are also are pleased to see the already announced $69 million to expand NZTE’s presence in China, South America and the Middle East, supporting businesses to establish their presence in these international markets.

“Overall this is a sensible, careful and responsible budget providing confidence for businesses.”

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

What Winter? Temperature Records Set For June 20-22

The days around the winter soltice produced a number of notably warm tempertaures. More>>

Conservation Deal: New Kākāpō Recovery Partnership Welcomed

Conservation Minister Maggie Barry says the new kakapo recovery partnership between DOC and Meridian Energy is great news for efforts to save one of New Zealand’s most beloved birds. More>>

ALSO:

Tech Sector Report: Joyce Warns Asian Tech Investors View NZ As Hobbits And Food

Speaking in Wellington at the launch of a report showcasing the value of the technology sector to the New Zealand economy, Joyce said more had to be done to tell the country's technology stories overseas. More>>

ALSO:

Mediaglommeration: APN Gets OIO Approval For Demerger Plan

APN News & Media has received Overseas Investment Office approval for its plan to split out its NZME unit ahead of a potential merger with rival Fairfax Media's New Zealand operations. More>>

New Paper: Ninety-Day Trial Period Has No Impact On Firms' Hiring

The introduction of a 90-day trial period has had no impact on hiring by New Zealand companies although they are now in widespread use, according to researchers at Motu Economic and Public Policy Research. More>>

ALSO:

Corrections: Serco Exits Equity Stake, Remains As Operator

Serco has sold its equity stake in the company that holds the contract to design, build and run Wiri Prison in South Auckland but continues as sub-contractor to operate the facility. More>>

GDP: NZ Economy Grows Faster-Than-Forecast 0.7%

New Zealand's economy grew at a faster pace than expected in the first quarter of 2016 as construction expanded at the quickest rate in two years. The kiwi dollar jumped after the data was released. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news