Source: PSA
Local News – New library for Cannons Creek gets go-ahead – Porirua
Source: Porirua City Council
Federated Farmers – Fish & Game advocacy function under review
Source: Federated Farmers
Climate – Warm May Caps Off a Sunny Autumn for Much of New Zealand – NIWA – New Zealand Climate Summary: May 2025
Source: NIWA
Energy Sector – Past Policy Choices Coming Home to Roost
Source: Energy Resources Aotearoa
Local News – Porirua backs regional approach to water services delivery
Source: Porirua City Council
Local News – Porirua City Council makes budget decisions
Source: Porirua City Council
Weather News – Brace for the cold: a wintry weekend in store – MetService
Covering period of Thursday 5 – Monday 9 June
After a night of wild weather, MetService is forecasting on-and-off showers on Thursday, before a cold cup of winter is served across the country from Friday into the weekend.
What's happened and updates:
• Between Wednesday afternoon and Thursday morning several areas experienced brief but intense periods of rain
• Taupō was just 0.2 mm shy of their wettest June day at 61.2 mm of rain from 9am Wednesday to 9am Thursday
• The band of heavy rain and downpours that lashed the country overnight has now shifted east away from New Zealand
• Scattered showers are expected today – and even sunny spells for some
• However, the West Coast of the South Island remains unsettled, with rain and a chance of thunderstorms forecast for later today
Parts of inland Canterbury woke up to a snowy scene on Thursday morning, but there’s more to come. Snow is set to return on Friday and Saturday to Southland, Otago, Canterbury and Marlborough. Heavy Snow Watches and Warnings have been issued, with the largest accumulations expected above 400 metres. However, flurries are possible down to around 200 to 300 metres including in Queenstown. Several Road Snowfall Warnings are also in place.
“The snow may affect travel and could have an impact on rural communities and farmers,” says MetService meteorologist Mmathapelo Makgabutlane. “It’s a good idea to prepare ahead of time and allow extra time if you have to head out on the roads.”
Elsewhere, the weekend brings a mix of showers and drier spells, and windy conditions in Westland where there is a Watch for Strong Winds in place. But it’s the cold that most people will be feeling.
“Firewood, warm drinks, and plenty of extra layers will go a long way, I would imagine!” Makgabutlane says.
Temperatures across the South Island are forecast to peak in the low to mid-single digits during the day, with overnight lows well below freezing. Wānaka stands out, with a daytime high of just 2°C and a chilly low of -6°C. The North Island will be feeling the cold too, with a sharp drop in temperatures over the next couple of days. Napier sees a warm 22°C today but will struggle to 13°C on Friday. Waiouru is only expected to reach 4°C this weekend, with highs of 10°C in Palmerston North and 13°C in Auckland.
New Zealand Economy – Interim Financial Statements of the Government of New Zealand for the ten months ended 30 April 2025
The Interim Financial Statements of the Government of New Zealand for the ten months ended 30 April 2025were released by the Treasury today. The April results are reported against forecasts based on the Budget Economic and Fiscal Update 2025 (BEFU 2025), published on 22 May 2025, and the results for the same period for the previous year.
The majority of the key fiscal indicators for the ten months ended 30 April 2025 were slightly better than forecast. The Government’s main operating indicator, the operating balance before gains and losses excluding ACC (OBEGALx), showed a deficit of $7.4 billion. This was $0.1 billion smaller than forecast. While the core Crown results were favourable to forecast, this was largely offset by the results of State-owned Enterprises. Net core Crown debt was in line with forecast at $184.6 billion, or 43.2% of GDP.
Core Crown tax revenue, at $100.4 billion, was $0.7 billion (0.7%) higher than forecast. Corporate tax and other individuals’ tax contributed $0.4 billion and $0.2 billion respectively to the above forecast result.
Core Crown expenses, at $115.8 billion, were $0.1 billion (0.1%) below forecast. This variance is mostly timing in nature and was spread across a range of agencies.
The OBEGALx was a deficit of $7.4 billion, $0.1 billion less than the forecast deficit. When including the revenue and expenses of ACC, the OBEGAL deficit was $11.7 billion, in line with the forecast deficit.
The operating balance deficit of $6.7 billion was $2.8 billion higher than the forecast deficit. This reflected both the OBEGAL result and net unfavourable valuation movements. Net gains on financial instruments were $4.3 billion lower than forecast, driven by New Zealand Superannuation Fund (NZS Fund) and ACC’s investment portfolios. This unfavourable variance was partly offset by net gains on non-financial instruments being $1.3 billion higher than the forecast loss. This was largely owing to the New Zealand Emissions Trading Scheme with net gains on the liability being $1.1 billion higher than the forecast loss.
The core Crown residual cash deficit of $8.4 billion was $0.1 billion lower than forecast. While net core Crown operating cash outflows were $0.4 billion higher than forecast, net core Crown capital cash outflows were $0.5 billion lower than forecast.
Net core Crown debt at $184.6 billion (43.2% of GDP) was in line with forecast. With core Crown residual cash broadly in line with forecast, this and minor movements in non-cash items contributed to the net core Crown debt result.
Gross debt at $203.5 billion (47.7% of GDP) was $6.3 billion lower than forecast, largely owing to lower than forecast unsettled trades and issuances of Euro Commercial Paper.
Net worth at $181.4 billion (42.5% of GDP) was $3.1 billion lower than forecast largely reflecting the year-to-date operating balance result.
| Year to date | Full Year | ||||
|---|---|---|---|---|---|
| April 2025 Actual1 $m |
April 2025 BEFU 2025 Forecast1 $m |
Variance2 BEFU 2025 $m |
Variance BEFU 2024 % |
June 2025 BEFU 2025 Forecast3 $m |
|
| Core Crown tax revenue | 100,365 | 99,645 | 720 | 0.7 | 120,894 |
| Core Crown revenue | 110,787 | 110,304 | 483 | 0.4 | 134,188 |
| Core Crown expenses | 115,808 | 115,937 | 129 | 0.1 | 142,207 |
| Core Crown residual cash | (8,439) | (8,565) | 126 | 1.5 | (9,990) |
| Net core Crown debt4 | 184,620 | 184,622 | 2 | – | 185,644 |
| as a percentage of GDP | 43.2% | 43.2% | 42.7% | ||
| Gross debt | 203,505 | 209,766 | 6,262 | 3.0 | 209,999 |
| as a percentage of GDP | 47.7% | 49.1% | 48.3% | ||
| OBEGAL excluding ACC (OBEGALx) | (7,444) | (7,526) | 82 | 1.1 | (10,175) |
| OBEGAL | (11,667) | (11,660) | (7) | (0.1) | (14,740) |
| Operating balance (excluding minority interests) | (6,665) | (3,872) | (2,793) | (72.1) | (5,493) |
| Net worth | 181,424 | 184,553 | (3,129) | (1.7) | 183,130 |
| as a percentage of GDP | 42.5% | 43.2% | 42.1% | ||
- Using the most recently published GDP (for the year ended 31 December 2024) of $426,925 million (Source: Stats NZ).
- Favourable variances against forecast have a positive sign and unfavourable variances against forecast have a negative sign.
- Using BEFU 2025 forecast GDP for the year ending 30 June 2025 of $435,148 million (Source: The Treasury).
- Net core Crown debt excludes the NZS Fund and core Crown advances. Net core Crown debt may fluctuate during the year largely reflecting the timing of tax receipts.
Stats NZ information release: Value of building work put in place: March 2025 quarter

Value of building work put in place: March 2025 quarter – information release
5 June 2025
Value of building work statistics estimate the value and volume of work put in place on construction jobs in New Zealand.
Key facts
In the March 2025 quarter:
- the seasonally adjusted total building volume was flat compared with the December 2024 quarter – residential rose 2.6 percent, and non-residential fell 3.9 percent
- total building value was $7.6 billion, down 10 percent from the March 2024 quarter.
Statistics remain provisional for the latest three quarters and are updated each quarter.
Visit our website to read this information release and to download CSV files:
