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

 

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO: