Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Spending debate needed

25 November 2004

Spending debate needed

Business NZ would like more debate on government spending.

Business NZ Chief Executive Phil O'Reilly says the review of the Fiscal Responsibility Act by economist Bryce Wilkinson has some good perspectives on where the Act is falling short, providing fertile ground for debate.

"The Wilkinson report shows how the Fiscal Responsibility Act has helped sustain surpluses and reduce net indebtedness over the last decade.

"But it also shows up some instances of the Act's failure to curb excessive government spending, and its inability to improve the quality of the spend," Mr O'Reilly said.

"The report puts forward possibilities for improvement, like a cap on government expenditure, or requiring a 75% majority in Parliament to increase tax, and other options.

"Notably, many of the options involve citizens having more say over government spending decisions.

"While we may not agree with all of the ideas in the report, they are worthy of debate. Business NZ would like to hear what people think about keeping government expenditure under control, because our growth prospects and standard of living depend on it."


© Scoop Media

Business Headlines | Sci-Tech Headlines


ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>


Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


  • Bill Bennett on Tech