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


Rethink the economy to improve prospects - BusinessNZ

Media release
14 December 2010

Rethink the economy to improve prospects - BusinessNZ

The deterioration in the Government’s accounts because of low economic growth and some one-off problems is not surprising, says BusinessNZ.

Chief Executive Phil O’Reilly says it increases the urgency for actions that will create a more dynamic economy.

“Government spending should be aimed at getting the right funding in the right places and better using all potential sources of equity.

“For example, the economy would benefit from greater use of the value held in Crown-held assets, by allowing mum and dad investors to play a part.

“Viewing SOEs as ‘sources of equity’ could unlock much economic growth.”

Mr O’Reilly said a fresh look at no-go areas in the economy would also help boost the economy.

“BusinessNZ and other organisations have stressed the importance of taking action to constrain costs and get more dynamism in the economy, including increasing the entitlement age for superannuation, reducing the cost of KiwiSaver and making changes to interest-free student loans.

“The Government also needs to move on introducing a Regulatory Responsibility Act to help improve the quality of regulation and constrain wasteful spending.

“A fresh look at assets and spending could help achieve a more dynamic economy,” Mr O’Reilly said.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>