Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

Dr Cullen Talks About Losing Lots of Money

Dr Cullen Talks About Losing Lots of Money

NZ Finance Minister - Hon Dr Michael Cullen

*****


This lunch hour a moderately cheerful Dr Cullen explained the government financial statements to the media. The Government's balance sheet is now in the red after losses on investments during the recent global sharemarket downturn according to Dr Cullen.

While this is a downside the upside for Dr Cullen - who has been well in the black for many a year - is he can now have a go at National over tax. Dr Cullen mused that when the Government's coffers were full National would call for a tax cut – given that there is now a deficit he wondered whether that meant there should be calls from the Opposition for tax increases.

Despite the jibes at National's expense over tax Dr Cullen still maintained there would be room for tax cuts in the budget.

Listen to Dr Cullen musing upon the government financial statements

Press Play To Start Audio Playing….






DOWNLOAD MP3

ENDS

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Scoop HiveMind Project: Universal Basic Income - Are We Up For It?

This is an opportunity for you as one of the 4 million potential funders and recipients of a Universal Basic Income to collectively consider the issue:
1. Is UBI is a desirable policy for New Zealand; and
2. How should a UBI system work in practice. More>>

ALSO:

Lyndon Hood: National Announces Plan To Hit Youth With Big Mallets

The National party has announced its youth justice policy, which includes a controversial plan for recidivist serious youth offenders to be hit over the head with a comically large rubber mallet. More>>

ALSO:

Lyndon Hood: This ->

It's been brought to my attention that Labour's new campaign slogan is "Let's do this". A collective call to action. A mission. I myself was halfway out of the couch before I realised I wasn't sure what it was I was supposed to do. More>>

ALSO:

Scoop Hivemind Report: What New Zealanders Think About Affordable Housing

Ordinary citizens have had very few venues where they can debate and discuss as to what they believe has led to the crisis in affordable housing and how we might begin to address this. The HiveMind on affordable housing was about redressing the balance. More>>

ALSO:

New Hivemind Exploration: Opening The Election - Freshwater Quality

This is an opportunity for you as one of the 4 million guardians of our common water resources to help us find mutually agreeable solutions to the critical task of collectively managing these resources for health and sustainability. More>>

ALSO:

 
 
 
 
 
 
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog