New Zealand Plans Spending Cuts as Weaker Economy Strains Budget

New Zealand’s government is instructing departments and ministries to cut back spending on consultants and contractors as declining tax revenue strains its budget.

The government has identified almost NZ$4 billion of potential savings over the period to June 2027, Finance Minister Grant Robertson said Monday in Wellington. He is also reducing future budget allowances, trimming back some programs and banking allocated funding that has not been fully spent, he said.

“We have seen further deterioration in the global economy, particularly in China,” said Robertson. “This will continue to have a direct impact on the New Zealand economy, and it is important that the government responds to meet our balanced and responsible fiscal goals.” “We are directing public agencies to cut back on spending on consultants and contractors to pre-Covid levels,” Robertson said.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

BNNBloomberg /  🏆 83. in CA

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US shakes off slow start and tops New Zealand in Basketball World Cup openerPaolo Banchero scored 21 points off the bench, Anthony Edwards added 14 and the U.S. shook off a slow start to beat New Zealand 99-72 on Saturday in the Basketball World Cup opener for both teams.
Lire la suite »

This New Zealand ad agency is fighting gender inequality one Google search at a timeIt's no surprise the internet is chock full of misinformation. But did you know individuals have the power to change that misinformation?
Lire la suite »

[Free/Tv]*USA vs New Zealand 2023 Live Stream ON Free TvUSA vs New Zealand 2023 Live Stream ON Free Tv 2023 FIBA BASKETBALL WORLD CUP Live Stream On free Tv ********************* ➡️ Copy and paste in your search bar ➡️ https://bb-ustv.
Lire la suite »

New Zealand vs USA 2023 Live Stream ON Free TvUSA vs New Zealand 2023 Live Stream ON Free Tv 2023 FIBA BASKETBALL WORLD CUP Live Stream On free Tv ********************* ➡️ Copy and paste in your search bar ➡️ https://bb-ustv.
Lire la suite »

[LIVESTREAM] USA vs New Zealand Basketball World Cup LIVE Broadcast2023 FIBA BASKETBALL WORLD CUP Live Stream On free Tv ********************* ➡️ Copy and paste in your search bar ➡️ https://bb-ustv.com/basketball/ ➡️ Copy and paste in your search bar ➡️ https://bb-ustv.
Lire la suite »