Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


Key Notes: Responsibly managing the Government's finances

22 March 2013

In this issue:

Managing the Government's finances
Reforming welfare
Building on trade links
Video on trade missions


Getting the Government's books in order
is one of our priorities for this term in office, and we're on track to get back to surplus by 2014/15. At the same time, we're working hard towards our goal of building a more competitive and productive economy.

Great news out this week showed we are on the right track. Gross Domestic Product figures show growth of 3 per cent in our economy the last year, which was higher than forecast. In the December quarter of last year, growth was at 1.5 per cent.

Indications are that growth will continue this year as consumer and business confidence rises. A lift in household spending signals people are feeling more secure and optimistic. And it was good to see construction activity is picking up across the country - wider than the Canterbury rebuild - which is more good news for our communities.

This week, the International Monetary Fund (IMF) gave their approval to our plan. They said we've got the right balance between providing the services New Zealanders need, while tracking back to surplus to protect our economy for the future.

Reforming welfare

National is reforming welfare, which we campaigned on at the last election, because our current system is not working. Almost 12 per cent of our working age population is on some form of benefit, and about 220,000 kids are growing up in a benefit-dependent home.

When I was young my father passed away, and my family relied on the welfare system to help us. We won't be making any changes to welfare that will stop those in genuine need from getting support to help them through.

Our changes alter the obligations we have for beneficiaries. And we're simplifying the current benefits from seven into three. This week, the Bill to enable these changes passed a second reading in Parliament. Our changes will be in place from July this year.

Building on trade links

Earlier this week I recorded a video where I talked through the importance of building on my connections with world leaders, to increase New Zealand's trading opportunities. When doors are open to our exporters, and they are doing well, they employ more Kiwis, providing a much-needed boost to our economy.

Watch my latest video to find out about the importance of my trade missions for New Zealand.

From my diary

Yesterday I was in New Plymouth, where I opened Nova Energy's new McKee Power plant. Today I'm in Auckland opening a new manufacturing facility for Fisher and Paykel Healthcare and meeting with Thailand's Prime Minister, Yingluck Shinawatra in Auckland.

Regards,
John Key
Prime Minister

www.johnkey.co.nz

ENDS

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

Valerie Morse: Key And NZ Police At G20: What A Contribution

While 200 New Zealand police officers are helping to repress protests outside of the G20 in Brisbane this week, John Key has been inside pushing the interests of giant multinational corporations to fast track the World Trade Organization (WTO) ... More>>

ALSO:

Gabriela Coutiño: Ayotzinapa Caravan Meets With EZLN In Oventic

In their visit to Zapatista Territory, parents of the 43 students disappeared from Ayotzinapa Guerrero, agreed with the Zapatista National Liberation Army (EZLN), to articulate a national grassroots movement that would question forced disappearances ... More>>

Ramzy Baroud: Talk Of A Third Intifada: Where To From Here, Palestine?

When a journalist tries to do a historian’s job, the outcome can be quite interesting. Using history as a side note in a brief news report or political analysis oftentimes does more harm than good. More>>

ALSO:

David Swanson: Who Says Ferguson Can't End Well

Just as a police officer in a heightened state of panic surrounded by the comfort of impunity will shoot an innocent person, the Governor of Missouri has declared a state of emergency preemptively, thus justifying violence in response to something ... More>>

Melanie Duval-Smith: Homeless Is Where The Heart Is

So, you are not allowed to feed the homeless on the streets of Florida. Last week, a 90 year old man and two Christian ministers were arrested for doing just that. I can hear the cries of the right wingers from here. “Not in our back yard”, ... More>>

John Chuckman: What We Truly Learned From the Great War and the Absurdity of Remembrance Day

No matter what high-blown claims the politicians make each year on Remembrance Day, The Great War was essentially a fight between two branches of a single royal family over the balance of power on the continent of Europe, British foreign policy holding ... More>>

Redress Information: A European Call To Suspend EU-Israel Association Agreement

More than 300 political parties, trade unions and campaign groups have called on the European Union to suspend its “association agreement” with Israel. The agreement, which came into force in 2000, facilitates largely unrestricted trade with Israel ... More>>

Ramzy Baroud: The Age Of TV Jokers: Arab Media On The Brink

As I was finalizing my research for this article, I found myself browsing through a heap of hilarious videos by mostly Egyptian TV show hosts Tawfiq Okasha and Amr Adeeb. More>>

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news