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Michael Cullen

Treasury figures paint bleak picture

The Government will run up cash deficits of more than $30 billion over the next five years due to reduced revenue and increasing costs, Treasury forecast today. Finance Minister Michael Cullen said the world financial crisis...

UPDATE 1-NZ govt to borrow more as credit turmoil bites

WELLINGTON, Oct 6 (Reuters) - New Zealand will post bigger budget deficits and increase borrowing as it feels the pinch from the global credit crunch and an economy in recession, the Treasury said in its pre-election economic...

Multimedia: Finance Minister PREFU Presser

on Demand of NZ Finance Minister Michael Cullen at his October 6 Pre Election Fiscal Update Press Conference. Dr Cullen explained that New Zealand was well placed to weather the financial storms ahead but warned that ongoing...

Red ink flows in PREFU

National Party Finance spokesman Bill English says the pre-election opening of the Government’s books has confirmed that New Zealand can no longer afford Michael Cullen and Labour’s big-spending low-growth policies.

Crown in strong position ahead of challenges

The Financial Statements of the Government of New Zealand for the financial year that ended on June 30 show the Crown in a strong financial position ahead of the challenging international economic times ahead, says Finance...

Michael Cullen on the Government's pre-election books

"Good afternoon everyone. Thank you for coming to the release of the Treasury's latest set of forecasts for the New Zealand economy and Crown accounts. When I spoke at the release of the Treasury's Half Year Economic and Fiscal...

National could have trouble over tax cuts

That optimism has evaporated as the bad news has kept coming out of America and the credit crunch starts to bite here. Voters now have a bad case of the economic jitters. This coming Monday's release ...

National rejects Australia - NZ wage gap figures

Updated at 8:51am on 4 October 2008 The National Party has rejected Treasury figures which show the gap between New Zealand and Australian wages has narrowed slightly in the last nine years. A Treasury paper obtained by Radio...

Fran O'Sullivan : Memo to John Key - Everything's not okay

Somebody please use a laser on John Key's forehead to tattoo the message: "This is not business as usual." Just 35 days out from an election in which Key will become Prime Minister - if the polls become reality - the National...

Crack lawyers appointed as first Senior Counsel

by Ben Thomas | Friday October 3 2008 - 04:30pm Attorney General Michael Cullen appointed some of the country’s best legal practitioners yesterday in the first round of announced Senior Counsel, the new title equivalent to the...