Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Recovery moves to provincial New Zealand - Cullen

"This morning's National Bank regional trends survey shows that the economy is growing strongly across most of New Zealand," Finance Minister Michael Cullen said today.

"Of the 14 regions, the only three which did not experience accelerating growth were Auckland, Wellington and Christchurch. The results confirm that the recovery is now being led by the regions rather than by metropolitan New Zealand.

"Basically the domestic economy is coming off the stimulus created in the last quarter of last year by the millennium partying, the preparations for 2YK, the America's Cup defence, even the election campaign - all coinciding.

"As domestic demand returns to a more normal growth path, the export sector is beginning to surge ahead on the back of strong world demand, rising commodity prices, a good agricultural season and a competitive dollar.

"This rebalancing of activity will put the recovery on to a more sustainable footing and take pressure off the current account deficit. The New Zealand economy is simply too small to sustain a recovery fuelled by domestic consumption and tax cuts.

"Our prosperity depends in the end on exports. If exporters are doing well, the benefits flow through to the rest of the country," Dr Cullen said.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news