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Median weekly household income in New Zealand fell slightly or stagnated from 2009 to 2010 during the "great recession" period. In June 2009 it was $1,234 [ 7 ] and June 2010 it was $1,236. [ 8 ] In 2011 household incomes recovered to beyond the high of 2008 again – median weekly household incomes increased again to $1,289.
In FY 2014, New Zealand's investment income from the rest of the world was NZ$7 billion, versus outgoings of NZ$16.3 billion, a deficit of NZ$9.3 billion. [108] The proportion of the current-account deficit that is attributable to the investment income imbalance (a net outflow to the Australian-owned banking sector) grew from one third in 1997 ...
Between 1982 and 2011, New Zealand's gross domestic product grew by 35%. Almost half of that increase went to a small group who were already the richest in the country. During this period, the average income of the top 10% of earners in New Zealand (those earning more than $72,000) [1] almost doubled going from $56,300 to $100,200. The average ...
For a single average income earner with no children, the tax cuts equate to NZ$24.85 a week or about a 2.4% increase in take-home-pay, according to data from Statistics New Zealand and the ...
Prime Minister Chris Hipkins has headed the Labour Party since Jacinda Ardern abruptly resigned in January. But even before Hipkins took over, Labour's fortunes had started to shift, as swing ...
Budget 2024 is the New Zealand budget for fiscal year 2024/25 presented to the House of Representatives by Minister of Finance, Nicola Willis, on 30 May 2024 as the first budget presented by the Sixth National Government, [1] [2] ignoring the mini-budget they presented in December 2023.
The 2020 New Zealand general election was held on Saturday 17 October 2020 to determine the composition of the 53rd New Zealand Parliament. [ 2 ] [ 3 ] Voters elected 120 members to the House of Representatives , 72 from single-member electorates and 48 from closed party lists .
The New Zealand Government reimburses 95 Lake Alice Hospital survivors, who had part of their compensation payments deducted by legal fees in 2001. [358] 31 October — New Zealand signs a free trade agreement with the six-member Gulf Cooperation Council (GCC). As part of the agreement, 99% of New Zealand exports to the GCC would become duty ...