To subscribe, advertise or contribute articles to www.nzmanufacturer.co.nz contact publisher@xtra.co.nz
  • Home
  • Latest News
    • Business News
    • Developments
    • Product News
    • Manufacturing Technology
    • Analysis
    • Innovators
    • Energy
    • Calendar
    • Editorial
  • About the Magazine
  • Advertise
  • Subscribe to the Magazine
NZ Manufacturer - Success Through Innovation
Success Through Innovation
  • Home
  • AI
  • Analysis
  • Business News
  • Climate Change
  • Covid-19
  • Cyber Security
  • Developments
  • Energy
  • Events
  • SouthMACH 2025
  • Innovators
  • Magazine
  • Manufacturing Technology
  • Industry 4.0
  • Product News
  • Productivity
  • Profiles
  • Smart Manufacturing Today
  • Sustainability
  • The Creative Class
  • Webinars

News Ticker

How manufacturers can prepare for the ESPR
Tech isn’t the Hero, it’s the plucky sidekick
Finding Your True Competitive Edge: A Guide for Manufacturers
Fixing manufacturing’s billion-dollar harm problem
Steel awards showcase local industry’s expertise and sophistication
Aotearoa’s Industry 4.0 journey
5S – Not That Old Chestnut
Scott Aylett, SEA Electrical a winner

Still waiting on real changes

The Budget has brought more helpful tweaking but still not the step change needed to turn around the economy say the New Zealand Manufacturers and Exporters Association (NZMEA).

NZMEA Chief Executive John Walley says, “The more fundamental problems, such as a lack of export growth, have once again gone ignored. Generally the right sentiments are there but the action is simply too timid.”

“The growth forecasts have been scaled back since last Budget but there is still some downside in the Treasury’s numbers. The Treasury’s numbers have been generally optimistic over the past few years so if growth doesn’t live up to forecasts, any surplus forecast will evaporate.”

“Initiatives such as research and development spending, youth training and cracking down on tax avoidance are commendable (although research and development spending is far better directed through a tax credit rather than through a layer of bureaucrats), but are not enough on their own. The Government must also address the big picture issues such as the capital gains or land tax issue to have a really broadly based tax take.”

“Overseas merchandise trade statistics released today showed exports down 17 percent on April last year – clearly what we have is not working, and we need far stronger elaborate exports to support the performance in primary sector. The increasing current account deficit projections should be keeping us all awake at night.”

“In short, we really need is a mechanism to manage our exchange rate, an even more balanced tax system and incentives for productive investment,” says Mr Walley.

“Unfortunately we are not really that much closer to getting those fundamentals right.”

 

Share this:

Related Posts

apartment-building-next-to-train-tracks-in-tokyo-japan-B4WH6B

Business News /

Living in an apartment, near the railway line

James Richardson

Business News /

Engineering the future: What we’re seeing from the front line

Frank Philips PIC

Business News /

Industry 4.0 for SME manufacturers

‹ Zero Budget gives business head room to grow economy › Crown deficit not the real issue

1st July 2025

Categories

  • AI
  • Analysis
  • AusTech
  • Business Books
  • Business News
  • Calendar
  • Case Studies
  • Climate Change
  • Covid-19
  • Cyber Security
  • DESIGN
  • Developments
  • Editorial
  • EMEX 2014
  • EMEX 2016
  • EMEX 2018
  • EMEX 2024
  • ENERGY
  • Events
  • FOOD
  • Industry 4.0
  • Innovators
  • LEAN MANUFACTURING
  • Magazine
  • Manufacturing Technology
  • Product News
  • Productivity
  • Profiles
  • Rear View
  • Recent News
  • Recent News
  • Regional Manufacturing
  • Smart Manufacturing Today
  • Solidtech
  • SouthMACH 2015
  • SouthMACH 2019
  • Sustainability
  • The Circular Economy
  • The Creative Class
  • The Daily News
  • Uncategorized
  • Webinars

Archives

Back to Top

  • Home
  • AI
  • Analysis
  • Business News
  • Climate Change
  • Covid-19
  • Cyber Security
  • Developments
  • Energy
  • Events
  • SouthMACH 2025
  • Innovators
  • Magazine
  • Manufacturing Technology
  • Industry 4.0
  • Product News
  • Productivity
  • Profiles
  • Smart Manufacturing Today
  • Sustainability
  • The Creative Class
  • Webinars

To subscribe, advertise or contribute articles to nzmanufacturer.co.nz contact publisher@xtra.co.nz

(c) NZ Manufacturer, 2025