News

News and campaign updates from the team at
Positive Money New Zealand.

Funding option for harbour tunnels overlooked

Funding option for harbour tunnels overlooked

The Prime Minister says that all funding options will be considered for the three proposed Auckland Harbour tunnels. But the option that entails no tolling, borrowing or public-private partnerships is being ignored. Our Reserve Bank could create the money in much the...

Budget 2023 another missed opportunity

Budget 2023 another missed opportunity

Our 2023 “no frills” or “no thrills” budget is yet another missed opportunity that will consign the country to more debt. Few can argue against the need to fund infrastructure and resilience ($6 billion) and public housing ($3 billion) but the downside is that other...

Our Submission to Future of Money – Private Innovation

Our Submission to Future of Money – Private Innovation

The Reserve Bank called for submissions to its proposed approach to new forms of private money such as cryptoassets, including stablecoins. It is part of its work on the Future of Money. You can find more about its proposals around Private Innovation. Here's a link to...

Funding for the Cyclone Gabrielle clean-up

Funding for the Cyclone Gabrielle clean-up

The clean-up bill for Cyclone Gabrielle will be way in excess of the $14 million promised by our Prime Minister and much of the financial burden may well fall on hard pressed councils.  Councils are already struggling under the weight of the devastation caused by...

Capitulation to banks by the Reserve Bank and Government

Capitulation to banks by the Reserve Bank and Government

The Government and the Reserve Bank are letting banks off scot-free. The full cost of printing money for the Large Scale Asset Purchase Programme and the Funding for Lending Programme is now falling on taxpayers while banks make record profits. Support during Covid...

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