Without relief, car importers would have had to pass on increased costs to consumers.
Politics: Even the Treasury’s pessimistic scenario still expects annual growth of near 3%.
BusinessNZ says decisions still need to be made on the scheme’s scope.
The Monetary Policy Committee needs to be confident about its inflation and employment targets.
Bigger investments now likely as it has $400m in the fund.
NZIER warns supply constraints will, however, hamper growth.
She is the first Māori woman to be appointed to the role.
There were reputational risks around the ‘public good’ nature of Kiwi Bonds.
Political pressure likely helped government decide to lift benefit levels.
National said the budget didn't provide a pathway to prosperity.