increase font size
OPINION: It's good news that Finance Minister Nicola Willis has slashed $1.1 billion from new spending, citing "a seismic global economic event" - Donald Trump's trade tariffs - and unsustainable debt, but with the Government reportedly borrowing $500 million a week, interest costs now exceed the combined budgets of Police, Corrections, Justice and Defence.
New spending will drop from $2.4b to $1.3b though, with Willis wary of the interest bill spiraling out of control.
She criticised "extravagant" wage demands such as the 12% claim by striking senior doctors.
Some commentators opined that savings are likely to come from stalled programmes and unfilled vacancies - not mass redundancies.
Your old mate reckons the public service needs to wake up and realise the country's coffers have been left in a right state and some spending demands are necessarily off the table for the foreseeable.
OPINION: The sudden departure of Jim Ward, manager of Molesworth Station for 24 years, highlighted some major dysfunction in the way conservation estate is managed in this country - the biggest problem, as the Hound sees it, being idealogues who harp on about "taonga" and use all means possible to block sensible commercial operations on conservation land.
OPINION: While the destruction of NZ's oil and gas industry by Jacinda Ardern's band of merry vandals was virtue signalling on a heroic scale - producing no environmental benefit whatsoever - the politician vowing to make that industry whole again, Shane Jones, is not above a bit of virtue signalling of his own.
Trade Minister Todd McClay says the US tariff decision appears to be based on a calculation of trade deficits, with countries running a surplus with the US moved to the higher rate.
Former special agricultural trade envoy Mike Petersen says meat exporters are going to have to be nimble and agile to take advantage of any opportunities that may arise in the chaos of the tariff crisis.
Two leading New Zealand trade experts warn that the 15% tariff slapped by the US shouldn't be taken lightly.
The Taranaki region is enjoying one of the highest gross domestic product (GDP) per capita figures in New Zealand, thanks to high farmgate dairy prices.
Fertiliser co-operative Ravensdown is working on delivering a rebate for its farmer shareholders next year - the first in four years.
New Zealand avocado growers have received a major boost by securing a collective FernMark Licence for their exports.
Beef + Lamb NZ's countrywide director roadshow arrived in Feilding last week, bringing with it ongoing positivity in the sector, an overview of the work B+LNZ does on behalf of levypayers and a proposed change on how the levy would be collected in the future.
A stronger than expected outlook for dairy has prompted one bank to lift its 2025-26 season forecast milk price by 75c to $10.25/kgMS.
Chinese dairy giant Yili Group says its New Zealand operations are on track for strong revenue growth in 2025 after recording significant year-on-year growth for the first half of the year.
OPINION: The sudden departure of Jim Ward, manager of Molesworth Station for 24 years, highlighted some major dysfunction in the…
OPINION: While the destruction of NZ's oil and gas industry by Jacinda Ardern's band of merry vandals was virtue signalling…
