Parliament

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

 

Minister's Statement On BPS and DEFU

Minister's Statement

The Government's economic strategy and Budget 2001 priorities will deliver a programme of fostering sustainable economic growth and welfare in the long term.
Budget 2000 "front-end loaded" a substantial portion of the three-year $5.9 billion fiscal provision in order to maximise progress towards meeting the goals, defined in detail in the Budget Policy Statement 2000.

We have introduced policies, such as restoring New Zealand Superannuation base rates, reintroducing income-related state house rentals and reducing the interest burden on student loans, to increase the participation of every New Zealander in the economy and society, as well as to develop an innovative economy capable of providing jobs and opportunities for all New Zealanders.

Budget 2001 will see us moving into a period of implementation and consolidation, while still making progress towards achieving our policy goals.

There will be spending in education, health and welfare, as well as on initiatives that can contribute to enhancing economic growth and innovation.

We will continue to make progress towards our long-term debt objectives, and we will also start accumulating assets to manage the future fiscal pressures associated with an ageing population. In doing so, we will bring greater stability to retirement income policy.

We reaffirm our commitment to remaining within the $5.9 billion limit. Careful fiscal management is important, as it will help ensure sustainable economic growth and enable progress towards our short and long-term fiscal objectives.

The forecasts show that we remain on track to meet our long-term objectives. The economic outlook points to steady growth in the years ahead, translating into rising structural surpluses. These surpluses will be invested in building up the New Zealand Superannuation (NZS) Fund as well as in education and health, areas that will add to New Zealand's future prosperity.

By achieving our goals within a prudent fiscal framework, this Government will deliver a sustainable programme, beyond the next two years, that will build a decent future for all New Zealanders.

Hon Dr Michael Cullen
Treasurer and Minister of Finance
8 December 2000

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says.

Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders.

US President Donald Trump is kicking off his week at the UN by holding an event to promote the US document called the Global Call to Action on the World Drug Problem. More>>

 
 

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>

ALSO:

Suffrage 125: NZ A Trailblazer For Women

“We acknowledge the work of Kate Sheppard, Meri Te Tai Mangakāhia, and all of the suffragists who tirelessly campaigned for the vote… Today we also need to ask each other: how we can continue to make our country a fairer and better place to continue the legacy of the suffragists.” More>>

ALSO:

Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels