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The New Zealand Debt Management Office (NZDMO) is the part of The Treasury responsible for managing the Crown's debt, its cash flows and its interest-bearing deposits. The 1988 reforms of the Government's financial management led to its establishment with the aim of improving the management of the Government's debt portfolio. [9]
In response, the New Zealand Treasury forecast that New Zealand would avoid a recession due to the rebuilding programme resulting from the Auckland floods and Cyclone Gabrielle. The Treasury also forecast that New Zealand's economy would not return to surplus for another year due to declining tax revenue and the Government's 2023 budget ...
The 2023 New Zealand mini-budget, also known as Mini Budget 2023, was released by Minister of Finance Nicola Willis on 20 December 2023 as part of the Sixth National Government's plan to address the cost of living, deliver income tax relief, and reduce the tax burden. [1]
On 20 May 2022, the New Zealand media reported that the New Zealand Treasury had advised against the Government's NZ$350 cost of living payment for middle-income New Zealanders on the grounds that it would cost short-term inflation. The Treasury had advised the Government to consider targeted support to low-income households. [10]
The minister of Finance (Māori: Minita mo nga Moni), originally known as colonial treasurer, is a minister and the head of the New Zealand Treasury, responsible for producing an annual New Zealand budget outlining the government's proposed expenditure.
The New Zealand Budget is an annual statement by the New Zealand Government that outlines of the nation's revenues and expenditures for the preceding fiscal year and expectations for the next one. It is prepared by the New Zealand Treasury for the Minister of Finance. The Budget is usually presented to the House of Representatives in May.
GST in New Zealand is designed to be a broad-based system with few exemptions, such as for rents collected on residential rental properties, donations, precious metals and financial services. [1] It normally makes up around 30% of tax revenue in New Zealand. [2] The rate for GST, effective since 1 October 2010 is 15%. [3]
Public sector organisations in New Zealand comprise the state sector organisations plus those of local government. Within the state sector lies the state services , and within this lies the core public service.