Macroeconomics of New Zealand - 1812 Words

Macroeconomics New Zealand 2001 | May 12 2011 | This document contains 1552 words without the Harvard style referencing and the table of contents. | | ------------------------------------------------- Created by: Rausch Pà ©ter ------------------------------------------------- Module: Macroeconomics ------------------------------------------------- Contents Economic profile of New Zealand 3 Rate of GDP Growth 4 Stance of Fiscal policy 6 Government spending 2001 6 Financial System 7 Exchange rate 8 Balance of Payment 9 Works Cited 10 New Zealand’s Macroeconomic situation This is going to be an analysis of New Zealand’s Macroeconomic situation taking into consideration the most important measures of a†¦show more content†¦Direct public debt increased by a net amount of 1,004 million dollar including swaps between 1 July 2000 and 30 June 2001. This increase consisted of a net increase in internal debt of 1,061 million dollar and a net decrease in external debt of 57 million dollar. Government gross direct debt amounted to 34.1% of GDP in the year June 2001, which is a decrease from 35.5% in the previous year. The Budget forecasts operating balances rising to 2%, and net debt being maintained at a highly manageable 18% of GDP by the 2003 financial year. It initiates the transfer of funds into the New Zealand Superannuation Fund, a process that contributes to higher national savings and improves the ability of future governments to meet the costs of an ageing population structure. Government spending 2001 New operating spending is around $700 million in 2001/02, including contingency funding. Initiatives fall into three priorities: investing in education, health and disability services, social services and housing (the fundamentals) Enhancing economic transformation and cultural development (moving New Zealand forward) Investing in our defence and police forces, conservation, bio security, and the environment. For 2001, the New Zealand government has planned the following in their spending: * Enhance community and voluntary services * provide for New Zealanders’ housing needs * Funding a wide range ofShow MoreRelatedMacroeconomic Trends And Conditions Of New Zealand Essay1511 Words   |  7 Pagesfollowing essay, various macroeconomic trends and conditions will be explored in reference to New Zealand. While New Zealand has a rich history dating back to prehistoric times, the main economic development began with the colonization by British explorers in the late 1700’s. Throughout time, the island nation has shared much with its British lineage in that it has been a predominately isolated island nation that relies heavily on international trade. While this has allowed New Zealand to become developedRead MoreIncome Distribution And Distribution Income System1368 Words   |  6 Pagesin the long term. 4. Industrial democracy. 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