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Government accounts remain in good shape

Source: New Zealand Government
The latest update shows the Government’s books are again in better shape than forecast, meaning New Zealand is still in a strong position to respond to any COVID-19 resurgence.
The Crown Accounts for the six months to the end of December were better than forecast in the Half-year Economic and Fiscal Update (HYEFU).
The Operating Balance before Gains and Losses (OBEGAL) deficit at $4.0 billion was $1.1 billion better than forecast in HYEFU.
“This was partly due to tax revenue coming in $0.8 billion above forecast, with GST revenue $0.6 billion (5.5%) above forecast as domestic spending continued to be better than expected at HYEFU,” Grant Robertson said. ....

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Liam Dann: We're getting better at this - Why this lockdown should cost less

Liam Dann: We re getting better at this - Why this lockdown should cost less
15 Feb, 2021 03:00 AM
4 minutes to read
Finance Minister Grant Robertson during his Crown Accounts announcement at the Treasury in Wellington. Photo / Mark Mitchell
Finance Minister Grant Robertson during his Crown Accounts announcement at the Treasury in Wellington. Photo / Mark Mitchell
Aucklanders are getting better at lockdowns and that will make this one less costly, economists say.
Last August – as Auckland went into Level three lockdown – ASB economists estimated that it would cost the
economy about $440 million per week - or 0.15 per cent of annual GDP.
But ASB has revised that view down on the basis of the strong rebound through the last quarter of 2020. ....

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Business New Zealand, Corporate and Affiliated Industry Group

Business New Zealand, Corporate and Affiliated Industry Group
livenews.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livenews.co.nz Daily Mail and Mail on Sunday newspapers.

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Open mike 08/02/2021

Sabine 2.1.1.3.1.1
Well see i don t think it is factually incorrect.
Both increased rates, to some extend. Both have not done enough. The labour party has campaigned on not doing anything else for beneficiaries and got voted in on this promise among others – those dear cross over fiscal conservatives votes came in handy winning an all out majority..
So yes, in my personal opinion, they are both the same when it comes to increasing the benefits of all beneficiaries to such an extend that it would be at the very lest 480.00 per week (covid relieve for full timer after tax). Missing in action and hiding behind meaningless feel good rethoric. ....

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Open mike 14/12/2020

A key point is what Canada proposes to do with the revenue from the carbon tax. It s going to be divvied up evenly among Canadians and rebated back to them. So people with low carbon emissions will be better off, they ll get more back from the rebate than they pay in tax. But the high emitters pay more, preferably a lot more. This is the model used by British Columbia for quite a while now, and it has broad support there.
Another key point is that a carbon tax directly targets the behaviour we want to eliminate. None of the monkeying around trying to hide it as something else, or setting up weird trading schemes that imply some sort of right to pollute . Just the simple message that if you dump hazardous waste into the atmosphere, you have to pay, no ifs buts or maybes. ....

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