Many countries ignore children health living in poor places, but New Zealand’s Deputy Prime Minister Bill English said their country is responsible for each and every child whether they live in posh localities or in poor places.

The Reserve Bank will soon get stronger powers to deal with the finance companies under new legislation. The legislation, Non-Bank Deposit Takers Bill, will be presented in the parliament next week by the Finance Minister, Bill English. The new law is expected to be enforced in June 2013.

The new stronger rules will be for related-party lending, increased capital requirements, and credit ratings.

The economy of New Zealand has beaten the expectations of analysts and has grown by 0.8% in the March quarter, in spite of February earthquake. Finance Minister, Bill English said that the figures of fourth-quarter have doubled the forecast of 0.4%.

Infrastructure Minister Bill English said that the government would spend more than $17 billion on New Zealand’s infrastructure over the next four years.

Releasing the four-year infrastructure investment plan, English said that $7.6 million would be spent on social assets like houses, schools, hospitals and prisons, $6.5 billion on roads and around $1.5 billion each on rail services and fast broadband.

New Zealand and Hong Kong have together signed a double tax agreement, according to the Government's statements.

The Finance Minister Bill English and Hong Kong's Financial Secretary John Tsang both signed the deal in Auckland.

According to Mr. English, it was a significant step towards strengthening the economic relationship between New Zealand and Hong Kong.

Estimate development will be inferior than anticipated in the partly year economic and economic renovate to be published in the upcoming month, as per Bill English, Finance Minister.

He added that the economy was on the road to recovery however development might not actually lift up in anticipation of subsequent year.