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New Zealand Finance Minister Highlights Resilience of Economy Amid Global Challenges
A Challenging Global Economic Landscape
New Zealand Finance Minister Grant Robertson acknowledged the difficulties faced by the global economy, marked by a slowdown in growth and persistent high inflation. He emphasized that New Zealand is not immune to these forces and also highlighted the impact of recent weather events in the North Island on affected communities, which will have consequences for the government's financial position.
New Zealand's Resilience and Positive Indicators
Despite the challenges, Minister Robertson expressed confidence in New Zealand's preparedness to face them. He pointed out that the country has a record number of people employed, with growing wages, easing inflation pressures, and a return of tourists, international students, and overseas workers filling job vacancies. These factors contribute to the overall resilience of the New Zealand economy. Government's Financial Position According to the latest financial figures, the Operating Balance before Gains and Losses (OBEGAL) for the eleven months ending May recorded a deficit of $6.5 billion. This figure was $2.1 billion higher than the Budget 2023 forecast but $1 billion lower compared to the same period last year. Core Crown tax revenue was $2.2 billion below forecast due to lower corporate profits and investment returns. Core Crown expenses, on the other hand, were $249 million below forecast. Net debt stood slightly above forecast at 18.9 percent of GDP. Managing the Cooling Economy Minister Robertson acknowledged the impact of the cooling economy on tax revenue, which came in lower than forecasted. He specifically mentioned that the decline in corporate tax revenue reflects lower-than-expected corporate profits for the 2022 year. However, he reassured the public that the government has been prudent in managing its spending and that the current deficit is smaller compared to the same period last year. Budget 2023 projects a 5 percent decline in real government consumption by early 2025, while New Zealand's debt levels remain among the lowest globally. Supporting Kiwis and Addressing Challenges Despite the challenges, Minister Robertson emphasized the government's commitment to protecting and supporting New Zealanders grappling with the rising cost of living. He highlighted the importance of providing strong public services and fostering sustainable economic growth without exacerbating inflation. Positive signs include historically low unemployment, high employment levels, a potential peak in inflation, and improving business confidence. Impact of North Island Weather Events Minister Robertson acknowledged the substantial impact of recent weather events in the North Island on the government's finances. The Treasury estimated that the asset damage resulting from floods and Cyclone is between $9 billion and $14.5 billion, with a significant portion falling under central or local government responsibilities, such as roads. The government has already committed $2 billion in additional support, including a $1 billion flood and cyclone recovery package as part of Budget 2023. Moreover, $6 billion has been allocated for a National Resilience Plan to focus on rebuilding and enhancing resilience in affected areas. Responsible Financial Management Minister Robertson emphasized the government's responsible financial management, highlighting its ability to handle the impacts of extreme weather events and future challenges. New Zealand's debt levels, currently at 18.9 percent of GDP, are among the lowest in the OECD and well below the government's debt ceiling of 30 percent. The government aims to strike a balance between supporting the immediate needs of New Zealanders, investing in strong public services, and building a resilient infrastructure network while ensuring the long-term sustainability of the economy. Sources: THX News & Hon Grant Robertson. Read the full article
#Easinginflationpressures#Employmentdata#Financialmanagement#Globalchallenges#Governmentdebt#NewZealandeconomy#Overseasworkers#Recordnumbers#Touristsandinternationalstudents#Wagesgrowth
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Tomorrow i have to go at my endo's appointment 😓💉
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These components likely to cause skindamage
In cosmetics purchase and identify process should pay particularattention to Innisfree Style Eyebrow Pencil Packaging : a. Marked natural plant cosmetics are unlikelihood.Typically, the cosmetics are composed by various chemical composition, of whichthe deionized water is often accounts for most composition ratio, depending onvarious product types may be added other ingredients such as glycerin, mineraloil, silicone oil, stearic acid, nutrients, flavors, preservatives and so on. Silicone oil for a variety of vitamins, fungicides has dissolution effect.Cosmetics contains it can form a thin hydrophobic film in the skin surface. Nofear for soaping and effectively extend the cream and creams role. In contrast,natural plant ingredients are just a small part, pure natural plant ingredientscannot be made of products. Therefore, claim natural plant cosmetic was just apublicity way of businesses. b. Be careful to select the online sale importedcosmetics.
Nowadays, many suppliers claim that they are selling importedcosmetics, and sometimes ordered cosmetics are rough packaging, identityunclear, etc. should be paid special attention. The complete procedure and canbe sold on the market cosmetics should have special makeup number or recordnumber, CIQ inspection and quarantine signs, labels, production date, shelflife and other information. c. Instant cosmetics do not meet the basicproperties of cosmetics. Cosmetic is a product that have gentle effect on theskin, some cosmetics claim that have quick whitening effect are existingirregularities add restriction substances phenomena, such as lead and mercuryexceeded or adding hydrogen, phenol, etc. These components likely to cause skindamage, even show up heavy metal poisoning.d.
Silver can be used to identify the lead contentof cosmetics. Many cosmetics contain lead, mercury and other heavy metals traceimpurities, the concentration too high will bring skin damage. Identificationmethods can be by portable silver, take appropriate products applied in theback of hands, and then use silver to rub a little harder in the painting area,if show up shallow black or black marks indicating that it contains heavymetals such as lead. But more scientific and accurate method is still measuringthe lead content of the product. Beauty skincare products and scientific cosmetics use principles: a. Daily make, up appropriate the light make up.Heavy make up not only cannot better achieve cosmetic purposes, what isimportant, heavy makeup will inhibit the smooth skin to "breathe".Make up should interval and thoroughly take off formal dress, giving the skin a"breathing space". If make up every day, skin cannot rest and willeventually damage the skin and reduce the autologous immune function.
Expertssuggest that, if not go out or attend formal occasions, you had better not tomake up, painted a little cream to the skin, make the skin"recuperate". b. Cosmetics brand "single-mindedness" isnot the best policy. Whether for individual pursuit or brand publicitypurposes, according to cosmetic raw materialsuppliers, using thesame brand of cosmetics or skin care products year after year is likely toproduce allergy to commonly used product raw materials, so that appearedcosmetics adverse reactions. c. Pay attention to cosmetic appearance andcharacter changes. Any cosmetics after opened, if can not run out in a shortterm, before re-use should pay attention to whether their appearance andcharacter changed, such as the appearance color change into black, brown,yellow from the original color, show up bubbles or render color, such asmildew, odor change, traits thinning, surface water, etc., show that cosmeticshave started to change, you can not continue to use. Article Source:
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It's true. #BeGraciousInVictoryAndDefeat #Vote #America #AmericaVotes #WakeUp #RecordNumbers #VoteRed #Texas #TheDayAfter https://www.instagram.com/p/Bp41IlInUVx/?utm_source=ig_tumblr_share&igshid=lml9jb8s860q
#begraciousinvictoryanddefeat#vote#america#americavotes#wakeup#recordnumbers#votered#texas#thedayafter
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This wedding dress was made from a nylon parachute that saved Maj. Claude Hensinger during World War II. In August 1944, Hensinger, a B-29 pilot, and his crew were returning from a bombing raid over Yowata, Japan, when their engine caught fire. The crew was forced to bail out. Suffering from only minor injuries, Hensinger used the parachute as a pillow and blanket as he waited to be rescued. He kept the parachute that had saved his life. He later proposed to his girlfriend Ruth in 1947, offering her the material for a gown. Ruth wanted to create a dress similar to one in the movie Gone with the Wind. She hired a local seamstress, Hilda Buck, to make the bodice and veil. Ruth made the skirt herself; she pulled up the strings on the parachute so that the dress would be shorter in the front and have a train in the back. The couple married July 19, 1947. The dress was also worn by the their daughter and by their son’s bride before being gifted to the Smithsonian. This item is one of 137 million artifacts, works of art and specimens in the Smithsonian’s collection. It is not on display. For more info: http://amhistory.si.edu/costume/object.cfm?recordnumber=834994
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Like if You Love to #Travel! I can plan the trip of a lifetime or your next great #vacation Record Number of US Tourists Visited Britain- VisitBritain announced that a record number of overseas visitors traveled to Britain in the first three-quarters of…
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40+ Edu Backlinks for your website
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Reflecting back on the weekend and feeling truly #BLESSED to have been part of such a magical night of giving!! @HopeAndWillBall @ChildrensATL #RecordNumbers #TheHopeBag #MelBoteri #BagACause (at The St. Regis Atlanta)
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#ImpromptuSpiceMeetup This might be the biggest meetup I ever had! I told everyone to meet me at the Bears/Giants game! #RecordNumbers #About61500 #SecurityWorkingForMe
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tea time with grady and caffeine free lightning tea.
"i try to stay away from laptops. maybe there shouldn't be computers, maybe there should just be hanging out."
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