- Thread starter
- #21,321
Nothing to see here. He agrees in principle, as I said.
Nothing to hide as I posted the article for fact checkers.
Debate closed
Politics 🗳️ NZ Politics
- Thread starter wizard of Tauranga
- Start date
Nothing to hide as I posted the article for fact checkers.
Debate closed
juju
🔥
Why I never... The same week he was having a cry about a Labour staffer misquoting politicians and spreading disinformation..., the plonkers misquoting a politician and spreads disinformation.
Just another day on the NZ Warriors Fan Forum politics forum.
Just another day of literally talking shit on the warriors forum for Wiz, I don't know how he gets away with it.
Flush and move on -Bob Dylan
View: https://m.youtube.com/watch?v=XSYzDDlI3WA
And in case anyone was unaware, the FFC for the entire IREX budget was $3b when it was canned - Willis added another billion by extrapalating the numbers using cost blow-outs on similar projects in other countries.
- Thread starter
- #21,326
Seen as this treads turned into a gotcha game, the potential $4 billion cost for the cancelled iReX ferry project is found in a July 2023 Treasury report, nothing to do with Nicola Willis, although she used the numbers as they suited her politically.
But correct it was projections based on overseas costs because the project hadn’t really begun.
- Thread starter
- #21,327
Loving all the attention!
I take it as a compliment when people can’t debate the points, so they turn to personal attacks.
That usually means they are losing the argument
Noitall
👤
Jury’s out on whether it’s an attack or factLoving all the attention!
I take it as a compliment when people can’t debate the points, so they turn to personal attacks.
That usually means they are losing the argument
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I'm going with fact at least in the political forum.
The FFC was still $3b, including kiwirail's horrendous fuck ups at both ends.
Michael Wood wanted to turn kiwirail into a major project procurement agency a la Waka Kotahi, Kaianga Ora etc but Kiwirail just couldn't see the opportunity
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- Thread starter
- #21,331
Good news for NZ. Our economic disaster is slowly being turned around.
Long way to go Wiz before it passes the high point
What does the red signify?
For what it is worth an AI crosscheck returned the following
New Zealand's Goods and Services Trade Balance (often called the "Balance on Goods and Services" or "Net Exports") differs from the standard "Trade Balance" because it includes the service sector (Tourism, Education, Software), which New Zealand traditionally relies on for a surplus.
Key Difference: While NZ often runs a deficit in physical goods (importing more cars/fuel than it exports in dairy/meat), it historically ran a strong surplus in services (tourism) until COVID-19 hit in 2020.
New Zealand's Goods and Services Trade Balance (often called the "Balance on Goods and Services" or "Net Exports") differs from the standard "Trade Balance" because it includes the service sector (Tourism, Education, Software), which New Zealand traditionally relies on for a surplus.
Key Difference: While NZ often runs a deficit in physical goods (importing more cars/fuel than it exports in dairy/meat), it historically ran a strong surplus in services (tourism) until COVID-19 hit in 2020.
Annual Goods and Services Trade Balance (2000–2025)
Figures are in NZD Billions. "Year Ended March" is used to align with standard Balance of Payments reporting.| Year | Goods & Services Balance | Status | Key Drivers |
| 2025 | -$9.2 Billion | Deficit | (Forecast/YTD) Tourism recovering, but goods imports still high. |
| 2024 | -$12.4 Billion | Deficit | Service exports (tourism) recovering; goods deficit narrowing. |
| 2023 | -$14.8 Billion | Deficit | Record Deficit. High fuel costs + weak tourism + high shipping costs. |
| 2022 | -$12.1 Billion | Deficit | Pandemic hangover. Tourism revenue (services) was near zero. |
| 2021 | +$1.8 Billion | Surplus | Pandemic Anomaly. Imports crashed faster than exports due to lockdowns. |
| 2020 | +$2.2 Billion | Surplus | Last year of strong tourism before borders closed in March. |
| 2019 | -$1.5 Billion | Deficit | Slowing global growth impacted demand. |
| 2018 | +$1.2 Billion | Surplus | Strong terms of trade and peak tourism numbers. |
| 2017 | +$1.6 Billion | Surplus | |
| 2016 | +$2.1 Billion | Surplus | High net migration boosted service exports (education). |
| 2015 | +$2.5 Billion | Surplus | |
| 2014 | +$4.2 Billion | Surplus | Strong dairy prices + booming tourism. |
| 2013 | +$1.8 Billion | Surplus | |
| 2012 | +$1.5 Billion | Surplus | |
| 2011 | +$3.6 Billion | Surplus | Recovery from GFC; high commodity prices. |
| 2010 | +$3.1 Billion | Surplus | Import demand collapsed due to Global Financial Crisis (GFC). |
| 2009 | -$2.5 Billion | Deficit | GFC impact. |
| 2008 | -$4.2 Billion | Deficit | |
| 2007 | -$3.9 Billion | Deficit | |
| 2006 | -$4.8 Billion | Deficit | |
| 2005 | -$3.5 Billion | Deficit | |
| 2004 | -$1.2 Billion | Deficit | |
| 2003 | +$0.5 Billion | Surplus | |
| 2002 | +$2.8 Billion | Surplus | |
| 2001 | +$3.9 Billion | Surplus | |
| 2000 | +$0.8 Billion | Surplus |
Summary of the Three Eras
- The "Golden" Era (2000–2003 & 2010–2018):
New Zealand frequently ran surpluses or very small deficits. The winning formula was: Exporting Dairy/Meat (Goods) + Hosting Tourists (Services) > Importing Cars/Oil. - The "Gap" Years (2005–2008):
Domestic spending was high, leading to a surge in imports (TVs, cars, electronics) that outpaced exports, creating consistent deficits. - The COVID Shock (2020–Present):
The loss of international tourists (Services) turned a traditional surplus into a massive hole.- 2021 was a "fake" surplus only because Kiwis stopped importing things and couldn't travel overseas (spending money at home instead).
- 2022–2023 saw the "perfect storm": Tourism hadn't returned, but Kiwis started importing heavily again, and the price of oil/shipping skyrocketed. This created the largest deficits in modern history.
juju
🔥
When posting National Party social media posts goes bad...
Such superb political analysis. We're lucky.
- Thread starter
- #21,336
Doom and gloomers…
Us positive people think it’s fantastic news NZ is starting to head towards a rock start economy again!
I'm sure that the owners of the 2700 businesses that have gone broke in the last 12 months will be bouyed by your optimisn.
miket12
🏛️
One thing I don’t like about democracy is that there’s always a group who don’t care who gets hurt provided the economy goes downhill enough that there’s a change in government…. provided, of course, they aren’t hurt too much themselves.
I see every notice published in the NZ Gazette and it is depressing @John Nick to see the number of businesses every day that have gone to the wall.
Earlier in the week there was a notice from the Official Assignee listing the new liquidations they had taken on this week and the list ran to over 20!
Edit: I have just gone back and counted them - it was 59!
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I think I interact with a couple of that group on here......
