New Zealand

New Zealand’s ministers lack control over departments, so my report suggests reforms to improve accountability by allowing ministerial appointments of chief executives, learning from OECD counterparts like Germany and Australia.

New Zealand’s government is shelving a referendum for extending the parliamentary term from three to four years, despite widespread support. A three-year term leads to urgency in legislation, hindering reform and effective governance, necessitating change.

The closure of the Strait of Hormuz and global tensions signal a serious crisis affecting New Zealand’s economy, prompting urgent discussions about fuel prices, interest rates and national preparedness for ongoing geopolitical instability.

KiwiSaver, with $110 billion in assets, is set to increase contribution rates. However, past evaluations indicate it has not proven to enhance overall wealth, merely shifting funds without increasing savings.

New Zealand faces an economic crisis due to rising oil prices and supply disruptions, prompting officials to prepare contingency plans. Previous crises were met with borrowing rather than structural reforms, perpetuating deep-rooted issues.

New Zealand’s first National Infrastructure Plan revealed poor asset management and accountability despite high spending, highlighting the need for a long-term, informed approach to infrastructure.

New Zealand, after years of stagnation, faced renewed hope, but the Middle East war sparked inflation and economic challenges. The government must address the real issues without misguided financial interventions.

Australia and New Zealand face economic challenges stemming from declining productivity. Their central banks have divergent policies, but both nations must address structural reforms to foster sustainable growth and efficiency.