Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
Government Finances Remain Resilient
The government’s finances have stood up better than expected amid the increase in COVID-19 cases, but the government is warning the Omicron impact is yet to be felt. Official figures show a deficit of $8.3 billion for the eight months ended February, $4.4 billion less than forecast in December’s half-year economic update. Expenses were also $1.4 billion below budget with less spent on COVID support payments and lower overall government spending.
Corporate Travel: Business Trips from NZ are Coming Back
Kiwi business travellers are dipping their feet in international trips, according to Keeley Alton, general manager of Corporate Traveller. International volumes were around 20% to 30% of pre-pandemic levels but there were signs of strong recovery.
Government Pledges Support for Drought in Otago, Southland
The government has announced support for Southern farmers and growers as they deal with the impacts of the current drought. It will unlock up to $100,000 in government funding until October 2022.
First Tranche of Funding from the Three Waters Reform Package
Councils can now apply for the first tranche of funding from the Three Waters Reform Package to invest in their local communities. The first tranche of $500 million of funding will be available from 1 July 2022. Any unallocated money will be rolled into the next tranche, which becomes available on 1 July 2024.
New Declaration Form for Travellers
From 31 March 2022, all air passengers to NZ are required to complete a new traveller declaration form which produces a “Traveller Pass” letting them know what they need to do to enter the country. The New Zealand Traveller Declaration replaces the Ministry of Health declaration system.
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