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A 'balanced' Budget is on the way, but not in the traditional sense

It was a lesson Grant Robertson learned over nine long years of opposition. And it is part of his grand historical project: his stewardship of the nation s books is one big attempt to prove that despite the ingrained public belief, Labour finance ministers are as good, if not better, than their National counterparts.
Covid-19 has blown that surplus-as-competence thinking out of the water. Now, with surpluses not in sight for a number of years due to the huge quantum of cash pumped into the economy to battle Covid, the building of this Budget has been untethered from that prior political discipline. The Budget Policy Statement (BPS), which is where the Government broadly outlines the overall parameters of the Budget, has the goal of stabilising debt by the mid-2020s. That implies a balanced Budget, and the forward forecasts suggest a deficit of only $1 billion by 2025. ....

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Treasury's warnings on Auckland light rail: Diluted accountability, risk of further delay

Treasury s warnings on Auckland light rail: Diluted accountability, risk of further delay
5 Apr, 2021 05:00 PM
4 minutes to read
Focus Live: The Government is getting light rail back on track by involving Aucklanders in a six-month process to come up with a city-shaping project.
Focus Live: The Government is getting light rail back on track by involving Aucklanders in a six-month process to come up with a city-shaping project.
Derek Cheng is a political reporter for the New Zealand [email protected]
Treasury is cautioning the Government that its chosen way forward for Auckland light rail could dilute accountability and further delay a project that is already years behind schedule. ....

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Four commissioners appointed to lead Tauranga City Council

Four commissioners appointed to lead Tauranga City Council
2 Feb, 2021 05:00 PM
5 minutes to read
Stephen Selwood, left, Shadrach Rolleston, Anne Tolley and Bill Wasley the four-strong commission to lead the troubled Tauranga City Council. Photo / File
A former National MP, two town planners and an infrastructure sector leader have been appointed to lead the troubled Tauranga City Council.
Former long-serving East Coast MP Anne Tolley will chair the four-strong commission, Local Government Minister Nanaia Mahuta said yesterday afternoon.
Tolley will be joined by Bill Wasley, Shadrach Rolleston and Stephen Selwood.
Their term will begin on Tuesday, February 9, and end after the next local body elections in 2022, although this could be extended. ....

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