The amount, which was predicted to be spent by the New Zealand government on Canterbury earthquake, has been found to be less. Not only this, the government had posted smaller operating deficit.

These steps have ensured that the government is highly determined to stick to its goal, which is to generate surplus by 2015. Experts said that the government acts have started showing results.

As per new reports, maximum numbers of voters are against the new home loan restrictions which are imposed on them.

According to the latest ONE News Colmar Brunton poll, about 57% of the people said that they are not in the favor of the policy, 38% of the people support the policy and the rest 5% said that they have no issues with the loan restrictions.

This can be a little relieving for the Ultra Fast Broadband (UFB) sub contractors. After the rising concerns about these sub contractors not being paid, Finance Minister Bill English has announced that his ministers are getting details of this issue.

According to the Finance Minister, Communication and IT Minister Amy Adams has been assigned the responsibility of investigating this issue.

The recent statements of the ministers talk about the $30m Tiwai point deal as a one-off-English.

In his recent statements, Finance Minister Bill English has confirmed about the $30 million government subsidy that Rio Tinto has been told to pay. The amount, he said, will ensure that the Tiwai Point aluminium smelter remains open until at least 2017.

The government in New Zealand has indicated that it will take steps to increase the housing supply in the country in a move to control the skyrocketing housing prices in the country.

A recent study has found that there is less chance of a child from overcoming poverty if he or she has been brought up by a poverty ridden family. The study was conducted by the Christchurch Health and Development. The findings of the study have been published in a report by the Children's Commissioner.