PPPs will Lead to Fire Sale of State Assets
Submitted by Amiri Halberg on Fri, 08/13/2010 - 15:12
It seems that the Government is focusing more on public-private partnerships (PPPs) to get bigger projects. This step by the Government is being critisised by many.
Labor says it will certainly lead to a position where the Companies will opt for fire sales strategy in which they will go for the sale of the assets at extremely discounted prices.
English Says, Curb Spending to Rebalance Nation’s “Lop-sided” Economy
Submitted by Kohia Dennison on Thu, 08/12/2010 - 15:53
Finance Minister Bill English shared that finding additional savings is a challenging task that the Government and the public service are facing, after having managed two tight budgets.
Finance Minister Confessed NZ’s Economic Growth Lags Behind Australia’s
Submitted by Kohia Dennison on Wed, 08/11/2010 - 14:45
Finance Minister, Bill English has confessed that Australia's monetary growth is doing far better than New Zealand's and offered his stance that in the upcoming time, the National Government is quite firm about turning around that weakening trend.
Proportion of Foreign Ownership of Land in NZ Debatable for National Gov.
Submitted by Kohia Dennison on Tue, 08/03/2010 - 15:50
Finance Minister of New Zealand, Bill English said that the Government had no idea as to how much of land in New Zealand belonged to foreign owners.
Although, the review of the investments made from foreign lands is aimed at stopping the selling of land to such investors, especially when it is a matter of purchases of large chunks of land by the foreign investors.
Opposition Seeks Government Stance on Farmland Sales
Submitted by Kohia Dennison on Wed, 07/28/2010 - 15:29
The Labor party has revealed that the Government is mulling over the overseas investment in the country’s farms. Bill English, the Finance Minister, disclosed that it is a delicate issue and needs to be handled carefully.
According to sources, the issue has become important for the Government since the time Natural Dairy, a Hong Kong based firm, showed its interest in purchasing Crafar farm venture.
Deficit Marks a Slight Slip, Net Debt Remains at 13% of GDP
Submitted by Surjit Singh on Mon, 07/12/2010 - 11:23
TNew Zealand’s funds cash shortage thinned more than what the government had predicted due to postponements in acquiring assets, striking a balance in tax receipts that did not meet the expectations.
Net government arrears are $25.4 billion, or 13.6% of Gross Domestic Product.
