In 2011, the Ministers for Economic Development and Māori Affairs established an independent Māori Economic Development Panel, tasked with developing a Māori Economic Strategy and Action Plan. He kai kei aku ringa, literally meaning providing the food you need with your own hands, the Māori Economic Development Strategy and Action Plan was released in 2012. The Government decided to rejuvenate this strategy in 2017 and a refreshed strategy was launched in Rotorua on 16 June 2017.
The nation’s economic output, our gross domestic product (GDP), can be measured as a combination of personal consumption expenditure (e.g. food); investment expenditure by firms and households (e.g. machinery and houses); expenditure by the government (e.g. health services); and incomes from net exports made up from exports less imports.
Release of accommodation data for May confirms growth in the tourism sector was strong across all regions in the months before the arrival of the Lions rugby team.
At the beginning of this year it was widely expected that, having spent five years below the Reserve Bank’s 2% target rate, inflation would start to increase. And, lo and behold, it did. In the March 2017 quarter, the annual rate of increase in the CPI reached 2.2%.
It is with considerable disappointment that New Zealand and many New Zealanders – with political and economic commentators amongst the worst – continue to misunderstand debt and, in particular, New Zealand’s debt situation.
The old chestnut of immigration has surfaced again. Co-incidentally, an election is nigh too. This makes it doubly opportune that we get some facts out there.
Commercial fishing plays a significant part in the New Zealand economy. This report, prepared for the New Zealand commercial fishing industry, concludes that on average, in the five years to 2015, commercial fishing provided:
Shortly after I arrived in the country early in 2003, Statistics New Zealand announced that the resident population had reached 4 million. And, who knows, I might actually have been number 4,000,000.
BERL stands by its assessment of Labour Party Fiscal Plan costings