How to pay for roads that are not used often
BERL developed guidelines for road controlling authorities in consultation with the Road Controlling Authorities Forum. The guidelines provide a process to:
Outspoken - Households Better Off
Hear Ganesh's thoughts on NZ economic situation on this recent Radio NZ program.
2015 a year of note for the Eurozone?
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New Zealand Households Benefitting from Oil Price Decline
Over the last few months New Zealand households have benefitted directly and indirectly from the decline in the international price for oil, caused through strong increases in supply and weak increases in demand.
Māori economy – its scope, opportunities and challenges
The New Zealand Productivity Commission will be holding a discussion to find out just what other opportunities and challenges there are for the Māori economy as there is more to the Māori economy than just treaty settlements.
The US economy continuing its good growth, likely to improve in 2015
Since the start of 2014, the US economy has been growing at what can only be called a good pace. Real GDP grew by 2.4 percent, while 3.1 million people were added to the job market and unemployment fell to 5.6 percent. At the same time total personal income of Americans grew by 4 percent, while personal consumption expenditure grew by 3.9 percent and inflation declined for the first time since October 2009.
Spending on the rise over the holiday period
The latest data reveals that Kiwis spent more over the last holiday season than in 2013. The December 2014 quarter sales for both the core retail sector and the total retail industry rose by more than 4.7 percent on year-earlier levels. The core sector measure excludes the motor vehicle sales, service and petrol sub-sectors.
Again, No change to the Official Cash Rate
The Reserve Bank has kept the Official Cash Rate (OCR) unchanged at 3.5 percent during its last OCR announcement (12 March) despite forecasts indicating that CPI inflation will fall to zero for the March 2015 quarter.
New Zealand dollar hits record high against Australian
The New Zealand dollar hit A98.47c on the 31st March, setting a new record high against the Australian dollar and getting ever closer to reaching parity with the Australian dollar. The New Zealand dollar has been increasing in strength against the Australian dollar over the last five months after hitting a low of A88.80c in early November 2014.
The 2015 Australian Budget, Economic Highlights:
The Australian Government presented their 2015 Budget on the 12th May 2015. The budget covered the Australian Government funding for the 2015/16 financial year. The Australian Government is forecast to collect a total of A$405.4 billion in revenue in the upcoming financial year, while paying A$434.5 billion in expenditure, leaving an forecast deficit of A$29.1 billion. The Australian Government has been running budget deficits since the 2008/09 financial year.