Prime Minister John Key has signalled the Government's surpluses in 2014/15 and 2015/16 are under pressure because of the slump in dairy prices this year.
Labour updated its fiscal plan on Monday to adjust for the slightly lower revenue track forecast by Treasury in last week's Pre-election Fiscal Update (PREFU). Here are the 10 things of note:
Labour has released its alternative Budget policy, including its plans for new tax rates and overall new spending. Here's a policy briefing on the details, the pros and cons and the political positioning.
The Reserve Bank published its June Quarter Monetary Policy Statement on Thursday and tightened monetary policy for the third time in three months. Here are the eight things to note from the statement and the appearances by the bank's Governors at a subsequent news conference and a Finance and Expenditure Select Committee hearing.
Finance Minister Bill English has signalled there will be major changes to the way Government spending is reported and organised, from next year's Budget onwards.
Prime Minister John Key has questioned suggestions that housing is much less affordable for first home buyers than when he bought his first home in 1986/7, saying there were over 2,000 houses for sale on Trade Me in Auckland for less than NZ$400,000 each.
Treasury advised the Government its NZ$500 million loosening of fiscal policy unveiled in last week's Budget would increase interest rates by up to 30 basis points and increase the New Zealand dollar by up to 1% over the three to four years.
For the convenience of email subscribers, here's my full Herald on Sunday column on why Treasury's high net migration scenario in the Budget could change the economic and political landscape. It could push mortgage rates up to 9% and make Winston Peters the kingmaker on September 20.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Friday morning, including a summary of the Budget.
Finance Minister Bill English has unveiled his sixth budget and his last before the September 20 election. Here are the 10 things worth taking away from the Budget