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

 

Gordon Campbell: On War Crimes And The Afghan Insurgency

Mapp’s attempted defence of the SAS on RNZ this morning unintentionally indicated that collective punishment was baked into the planning exercise for the raid, and also into how the raid proceeded on the ground. More>>

ALSO:

Howard Davis: Unpresidented?

Casanova on Cagliostro - "This is a man whose partisans think him wise because when he speaks he seems ignorant. This is a man who is persuasive because he masters no language. This is a man whom people understand because he never explains himself … " More>>

HiveMind Public Engagement Report: NZers Want Stronger Action On Sugar

Over December 2016 and January 2017, Scoop hosted a trial community engagement exercise on the issue of Sugar and Public Health on our new HiveMind platform... Most promising was the fact that there was much agreement from across a wide range of participants from different backgrounds and perspectives on potential solutions to some of the accepted public health challenges we face around sugar. More>>

ALSO:

Branko Marcetic: Land Of The Long White Egalitarian Myth

New Zealand has earned its reputation. Its quality of life is consistently ranked among the highest in the world... New Zealanders themselves report extreme satisfaction with their lives. All of these accolades cover up another truth, however: New Zealand hasn’t been a social-democratic paradise for a long time now. More>>

Alastair Thompson: The Role Of A Free Press In Defending & Fostering Democracy

The arrival of Trump is a wake-up call – not just to the Anglosphere and the developed world - but to our entire planet: Democracy, it turns out, is much more fragile than we thought. More>>

OPENING THE ELECTION:

Related:

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news