The SME Stream

Nicola Willis: Finance Minister says growth and higher wages will come following Budget 2026

8 min · 29 de may de 2026
Portada del episodio Nicola Willis: Finance Minister says growth and higher wages will come following Budget 2026

Descripción

The surplus train's left the station early in Budget news today, with the country expected to be out of deficit by 2028/29, a year ahead of predictions. Government Ministers are trumpeting that figure, alongside a focus on health and infrastructure.  The Waikato Expressway will get 12 more kilometres, Whangarei a new hospital wing and new police stations are on the horizon for Whanganui and Greymouth.  The biggest surprise is a tax on banks and insurers, worth roughly $50 million dollars a year.  The bowel cancer screening age will lower to 56 by September and increased health funding aims to increase surgeries and reduce wait times.  $450 million has been set aside for targeted support, in case  the fuel crisis worsens.  Finance Minister Nicola Willis says things are tough - but its not the time for lolly scrambles.  She says the crisis is hitting many hard - but the country will bounce back with growth and increasing wages.  LISTEN ABOVE See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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episode René de Monchy: Tourism NZ CEO on the increased spending by international tourists, focus on the luxury market artwork

René de Monchy: Tourism NZ CEO on the increased spending by international tourists, focus on the luxury market

New Zealand's cementing itself as a premium tourism destination.  Market data from Grand View Research estimates our luxury travel market brought in more than $8 million last year and could double by 2033.  Luxury Travel specialist Southern Crossings says overseas couples on their honeymoon for instance, consistently spend about the equivalent of a Central Auckland house deposit.  Tourism New Zealand CEO René de Monchy told Heather du Plessis-Allan says we have amazing luxury offerings.  He says coming out of Covid, people are really valuing experiences and that translates into their behaviour.  “So people are saying after a few years locked up, that’s not a natural way to be. Travel is important, experiences are important, and they’re willing to spend the money to do it.”  LISTEN ABOVE  See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

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