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The country’s households owe NZ$346.4 billion in home mortgage debt and loans in arrears now total NZ$1.3 billion, up 65% on 12 months ago. It looks unlikely there will be any relief on that front.
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.
Since the 2023 election, five parties have been deregistered: DemocracyNZ on 15 February 2024, [9] [a] Leighton Baker Party on 27 May 2024, [10] [b] New Zealand Loyal on 26 July 2024, [11] [c] Democratic Alliance on 27 November 2024, [12] and the New Nation Party on 29 January 2025. [13] [d]
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.
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 ...
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 ...
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 .
According to Elections New Zealand, "having the printed electoral rolls available for the public to view is a part of the open democratic process of New Zealand". [13] The Electoral Commission, in their report on the 2017 general election, recommended that roll sales be discontinued for anything other than electoral purposes.