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It's all in the books, Dr Cullen

Bill English

Opposition Finance Spokesperson

Thursday 4 May 2000

It's all in the books, Dr Cullen

Michael Cullen has plenty of money to fulfil his promises, National Finance spokesperson Bill English said today.

"If he wants to know how, all he needs to do is read the Treasury's own documents.

"But Dr Cullen admitted in Parliament today he hadn't read the Pre-Election Fiscal Update.

"When he does bother to read it, he will see the fiscal risks are set out in detail on pages 85 - 92. (See attached.)

"He will also see that for the financial year ending June 30 2000, the PREFU forecast a surplus of just $17 million. Dr Cullen's Budget Policy Statement forecast a surplus of $400 million. In fact the out-turn now looks like it could be as high as a $500 million surplus.

"Dr Cullen is going to get at least $200 million more tax revenue than he budgeted before the election. This forecasts were based on $800 million extra tax, and the BPS shows $1billion more tax."

Ends


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