tailieunhanh - New Zealand Economic and Financial Overview 2004

This framework and tool helps regional leaders prioritize public investments in economic development. For a region to prosper, a relatively small number of well-placed public investments can unlock the region’s strongest economic potential. They can open up and leverage new possibilities for private sector investment, the key driver of any region’s success. Leaders in successful regions think and act strategically, but they do not necessarily follow lockstep a traditional strategic planning process. Instead, they improvise within a clear strategic framework. They make complex decisions about investments by designing their own collaborative process. The Guidelines for Regional Investment Decisions are. | New Zealand Economic and Financial Overview 2004 ISSN 1173 - 2334 Table of Contents 3 Summary 5 Selected Statistical and Financial Data 7 New Zealand 7 Area and Population 7 Form of Government 8 Social Framework 8 The Treaty of Waitangi 9 Foreign Relations and External Trade 9 Membership in International Economic Organisations 11 The Economy of New Zealand 11 Introduction 11 Background 12 Recent Developments and Outlook 12 Fiscal Policy 13 Direct Public Debt 14 National Accounts 16 Prices and Costs 17 Labour Markets 19 Industrial structure and Principal Economic Sectors 19 Primary Industries 22 Manufacturing 22 Service Industries 27 External Sector 27 External Trade 31 Foreign Investment Policy 32 Balance of Payments 34 Foreign-Exchange Rates and Overseas Reserves Unless otherwise specified all monetary units in this Overview are New Zealand dollars. The mid-point rate on 31 January 2004 was NZ 1 US . The fiscal year of the Government of New Zealand ends on 30 June. Spelling and punctuation conform to usage in New Zealand and have not been adjusted to conform to usage in the United States or any particular external market. Where figures in tables have been rounded totals listed may not equal the sum of the figures. In tables NA Not Available. This Overview is based on data available as at January 2004. 37 Banking and Business Environment 37 Supervision of the Financial Sector 38 Business Law Environment 39 Monetary Policy 40 Interest Rates and Money and Credit Aggregates 43 Public Finance and Fiscal Policy 43 Public Sector Financial System 43 Public Sector Financial Management 46 Current Fiscal Position and 2003 Budget 48 Taxation 49 Government Enterprises 49 State-Owned Enterprises 49 Crown Entities 50 Performance of Government Enterprises 53 Direct Public Debt 53 Debt Management Objectives 53 Debt Record 54 Summary of Direct Public Debt 54 Public Debt by Currency of Payment 55 Interest and Principal Requirements 57 Tables and Supplementary Information 2 .