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2011 New Zealand Budget
The New Zealand budget for fiscal year 2011-2012 was presented to the New Zealand House of Representatives by Finance Minister Bill English on 19 May 2011. This was the third budget Bill English has presented as Minister of Finance. Outline Budget 2011 was delivered following earthquakes which devastated Christchurch and included a $5.5 billion rebuild package for the city. The 2011 Budget was a "zero Budget" meaning no net new spending over four years. $5.2 billion was prioritised over four years for spending on mostly targeted at health, education and infrastructure. Individual and employer KiwiSaver contributions were increased. The Budget announced the part-sale of five state-owned enterprises with the Government keeping majority (51%) control. The 2011 Budget forecast a return to fiscal surplus to 2014/15. References {{DEFAULTSORT:2011 New Zealand Budget Budget, 2011 New Zealand budgets New Zealand Budget The New Zealand Budget is an annual statement by the Ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill English
Sir Simon William English (born 30 December 1961) is a New Zealand former National Party politician who served as the 39th prime minister of New Zealand from 2016 to 2017 and as the 17th deputy prime minister of New Zealand and minister of finance from 2008 to 2016 under John Key and the Fifth National Government. A farmer and public servant before entering politics, English was elected to the New Zealand Parliament in as the National Party's candidate in the Wallace electorate. He was elevated to Cabinet in 1996 and in 1999 was made minister of finance, although he served for less than a year due to his party's loss at the 1999 general election. In October 2001, English replaced Jenny Shipley as the leader of the National Party (and consequently as Leader of the Opposition). He led the party to its worst defeat at the 2002 general election, and as a consequence, in October 2003 he was replaced as leader by Don Brash. In November 2006, after Brash's resignation, Engli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of New Zealand
The New Zealand Parliament ( mi, Pāremata Aotearoa) is the unicameral legislature of New Zealand, consisting of the King of New Zealand (King-in-Parliament) and the New Zealand House of Representatives. The King is usually represented by his governor-general. Before 1951, there was an upper chamber, the New Zealand Legislative Council. The New Zealand Parliament was established in 1854 and is one of the oldest continuously functioning legislatures in the world. It has met in Wellington, the capital of New Zealand, since 1865. The House of Representatives normally consists of 120 members of Parliament (MPs), though sometimes more due to overhang seats. There are 72 MPs elected directly in electorates while the remainder of seats are assigned to list MPs based on each party's share of the total party vote. Māori were represented in Parliament from 1867, and in 1893 women gained the vote. Although elections can be called early, each three years Parliament is dissolved and go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand National Party
The New Zealand National Party ( mi, Rōpū Nāhinara o Aotearoa), shortened to National () or the Nats, is a centre-right political party in New Zealand. It is one of two major parties that dominate contemporary New Zealand politics, alongside its traditional rival, the New Zealand Labour Party, Labour Party. National formed in 1936 through amalgamation of conservative and Liberalism, liberal parties, Reform Party (New Zealand), Reform and United Party (New Zealand), United respectively, and subsequently became New Zealand's second-oldest extant political party. National's predecessors had previously formed United–Reform Coalition, a coalition against the growing labour movement. National has governed for five periods during the 20th and 21st centuries, and has spent more List of government formations of New Zealand, time in government than any other New Zealand party. After the 1949 New Zealand general election, 1949 general election, Sidney Holland became the first Prime M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island country by area, covering . New Zealand is about east of Australia across the Tasman Sea and south of the islands of New Caledonia, Fiji, and Tonga. The country's varied topography and sharp mountain peaks, including the Southern Alps, owe much to tectonic uplift and volcanic eruptions. New Zealand's capital city is Wellington, and its most populous city is Auckland. The islands of New Zealand were the last large habitable land to be settled by humans. Between about 1280 and 1350, Polynesians began to settle in the islands and then developed a distinctive Māori culture. In 1642, the Dutch explorer Abel Tasman became the first European to sight and record New Zealand. In 1840, representatives of the United Kingdom and Māori chiefs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Minister (New Zealand)
The minister of Finance, originally known as colonial treasurer, is a minister and the head of the New Zealand Treasury, responsible for producing an annual New Zealand budget outlining the government's proposed expenditure. The position is often considered to be the most important cabinet post after that of the prime minister. The current Minister of Finance is Grant Robertson. There are also three associate minister roles; they are currently held by David Parker, Megan Woods, and Kiri Allan. Responsibilities and powers One of the Minister of Finance's key roles involves the framing of the annual year budget. According to Parliament's Standing Orders, the Minister of Finance may veto any parliamentary bill which would have a significant impact on the government's budget plans. The Minister of Finance supervises the Treasury, which is the government's primary advisor on matters of economic and financial policy. As such, the Minister of Finance has broad control of the gov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand Treasury
The New Zealand Treasury ( mi, Te Tai Ōhanga) is the central public service department of New Zealand charged with advising the Government on economic policy, assisting with improving the performance of New Zealand's economy, and managing financial resources. The Minister responsible for the Treasury is the Minister of Finance of New Zealand; however, from 1996 to 2002, there existed a more specific position of Treasurer of New Zealand. The role was created for Winston Peters by the Fourth National Government under Jim Bolger after the 1996 election, and abolished by Helen Clark’s government in 2002. Treasury has four main functions: * Provide advice to improve economic and fiscal conditions for high levels of economic growth and improved living standards. * Monitor and manage the financial affairs of the Crown. * Assess and test other Government agencies’ advice and proposals that have economic and financial implications. * Provide leadership, with other central agencie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Beehive (building)
The Beehive ( mi, Te Whare Mīere) is the common name for the Executive Wing of New Zealand Parliament Buildings, located at the corner of Molesworth Street and Lambton Quay, Wellington. It is so-called because its shape is reminiscent of that of a traditional woven form of beehive known as a " skep". It is registered as a Category I heritage building by Heritage New Zealand. Construction began in 1969 and was completed in 1981. Since 1979, the building has housed the offices of government ministers. Thus, the name "Beehive" is closely linked with the New Zealand Government. It is often used as a metonym for the New Zealand leadership at large, with "the 9th floor" specifically referring to the office of the prime minister, which is based on that floor. Cabinet meets on the top floor. History In the 1960s the government proposed an extension of Parliament House, which had only been partly built in 1922. Prime Minister Keith Holyoake had wanted to complete the original ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2011 Christchurch Earthquake
A major earthquake occurred in Christchurch on Tuesday 22 February 2011 at 12:51 p.m. local time (23:51 UTC, 21 February). The () earthquake struck the entire of the Canterbury region in the South Island, centred south-east of the central business district. It caused widespread damage across Christchurch, killing 185 people, in New Zealand's fifth-deadliest disaster. Christchurch's central city and eastern suburbs were badly affected, with damage to buildings and infrastructure already weakened by the magnitude 7.1 Canterbury earthquake of 4 September 2010 and its aftershocks. Significant liquefaction affected the eastern suburbs, producing around 400,000 tonnes of silt. The earthquake was felt across the South Island and parts of the lower and central North Island. While the initial quake only lasted for approximately 10 seconds, the damage was severe because of the location and shallowness of the earthquake's focus in relation to Christchurch as well as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KiwiSaver
The KiwiSaver scheme, a New Zealand savings scheme, came into operation from Monday, 2 July 2007. Participants can normally access their KiwiSaver funds only after the age of 65, but can withdraw them in certain limited circumstances, for example if undergoing significant financial hardship or to use a deposit for a first home. A policy initiative of the Fifth Labour Government of New Zealand (in office 1999–2008), KiwiSaver is governed by various Acts of Parliament, including the KiwiSaver Act 2006 (passed in September 2006). As at 31 March 2021, the Financial Markets Authority (NZ) reports $81.6 billion in assets is managed by KiwiSaver providers. Basic operation Anyone who is entitled to live in New Zealand indefinitely and who normally lives in New Zealand is entitled to join KiwiSaver. Those under 18 require parental consent to join. Employee participants can choose to contribute 3%, 4%, 6%, 8% or 10% of their gross pay, and can switch rates three months after setti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprises Of New Zealand
State-owned enterprises (SOEs) in New Zealand are registered companies listed under Schedules 1 and 2 of the ''State-Owned Enterprises Act 1986''. Most SOEs are former government departments or agencies that were corporatised. They are responsible to the Minister of State Owned Enterprises. Many other government-owned companies and statutory trading organisations are referred to informally as "state-owned enterprises" although they are not SOEs in the strictest sense. These are also listed here. Function The function of SOEs is to operate successfully as a business, as profitable as those not owned by the Crown. The section of the Act defining this is usually interpreted as meaning that SOEs are expected to ready themselves for privatisation, though this is not always the case. Two Ministers of the Crown act as the shareholding ministers in the company. In the case of SOEs these are usually the Minister of State Owned Enterprises (see article for list) and the Minister resp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2011 In New Zealand
The following lists events that happened during 2011 in New Zealand. Population * Estimated population as of 31 December: 4,399,400. * Increase since 31 December 2010: 25,600 (0.58%). * Males per 100 Females: 95.7. Incumbents Regal and vice-regal *Head of State – Elizabeth II *Governor-General of New Zealand, Governor-General – Anand Satyanand, Sir Anand Satyanand, succeeded by Jerry Mateparae, Sir Jerry Mateparae File:Queen Elizabeth II of New Zealand.jpg, Elizabeth II File:Anand Satyanand 2014.jpg, Sir Anand Satyanand File:Sir Jerry Mateparae February 2015.jpg, Sir Jerry Mateparae Government 2011 was the third and last full year of the 49th New Zealand Parliament, 49th Parliament, which was dissolved on 20 October. 2011 New Zealand general election, A general election was held on 26 November to elect the 50th New Zealand Parliament, 50th Parliament, which saw the Fifth National Government of New Zealand, Fifth National Government elected for a second term. *Speaker of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand Budgets
New is an adjective referring to something recently made, discovered, or created. New or NEW may refer to: Music * New, singer of K-pop group The Boyz Albums and EPs * ''New'' (album), by Paul McCartney, 2013 * ''New'' (EP), by Regurgitator, 1995 Songs * "New" (Daya song), 2017 * "New" (Paul McCartney song), 2013 * "New" (No Doubt song), 1999 *"new", by Loona from '' Yves'', 2017 *"The New", by Interpol from ''Turn On the Bright Lights'', 2002 Acronyms * Net economic welfare, a proposed macroeconomic indicator * Net explosive weight, also known as net explosive quantity * Network of enlightened Women, a conservative university women's organization * Next Entertainment World, a South Korean film distribution company Identification codes * Nepal Bhasa language ISO 639 language code * New Century Financial Corporation (NYSE stock abbreviation) * Northeast Wrestling, a professional wrestling promotion in the northeastern United States Transport * New Orleans Lakefront Ai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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