Parliament

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

 

Farmers Deliver The Goods, For Now

"The New Zealand economy has once again been rescued by the productive sector, with higher commodity prices contributing significantly to improved growth forecasts in the December Economic and Fiscal Update," National's Finance spokesman Bill English said today.

"The figures are looking better than they were in this year's Budget, but a big question mark hangs over how robust that economic growth will be.

"What that creates is doubt over whether the books will look as optimistic in a year or even six months time.

"The farming sector is generating increased returns because of the low dollar coupled with good commodity prices on the international market.

"Already there are signs that cannot last. Lower world growth will see lower prices in the months ahead, while the recovering New Zealand dollar will also reduce farmgate returns.

"So after a jump to 3.7% growth over 2001, the economy quickly returns to average; a disappointing 2.7% over the following three years.

"That sort of growth rate will do nothing to close the ever increasing gap between New Zealand's economic performance and that of the rest of the world.

"Good policy needs to focus on lifting the performance of the New Zealand economy on a sustainable basis. This requires policies that enhance our international competitiveness, rather than detract from it.

"The gap that needs to be closed is the gap between New Zealand and the rest of the world. In doing that, other gaps will take care of themselves.

"The Government has shown few signs of sound economic stewardship to date," Mr English said.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Child Poverty Monitor: Food Poverty Due To Inadequate Income, Housing Cost

The latest Child Poverty Monitor released today by the Office of the Children’s Commissioner reveals alarming facts about children suffering the impacts of family income inadequacy, says Child Poverty Action Group (CPAG).

The report found that one in five children under the age of 15 - amounting to between 161,000 and 188,000 children - experience moderate-to-severe food insecurity, meaning they can’t count on having regular nutritious meals. More>>

 

Open Government: Proactively Release Of Ministerial Diaries

All Government Ministers will for the first time release details of their internal and external meetings, Minister for State Services (Open Government) Chris Hipkins announced today. More>>

ALSO:

Billion Trees: Questions Over Shanes Jones Carbon Claims

“Officials estimate the actual value of the One Billion Trees (OBT) scheme will be just a third of the amount Mr Jones claimed, at about $900 million, and that he padded the number by including $800 million of ETS benefits and $1 billion of business-as-usual activity..." More>>

'Sovereignty Concerns': Plans To Sign UN Migration Pact

New Zealand is likely going to sign up to a United Nations migration pact this week as long as it can iron out a concern around sovereignty. More>>

ALSO:

Most Vulnerable Face Most Risk: Sea Level Rise Threatens Major Infrastructure

The burden of sea-level rise will weigh on the most vulnerable unless a new approach is developed and legislated, a new report says. More>>

ALSO:

Gordon Campbell: On The Pope Of Parliament

’Tis the season of goodwill towards all humankind… except it would seem, towards the Speaker of Parliament... More>>

ALSO:

Abortion: Hundreds March To Call For Decriminalisation

About 300 protesters marched to Parliament this afternoon calling on MPs to vote in favour of decriminalising abortion. A recent report by the Law Commission to the government recommended removing it from the Crimes Act. More>>

ALSO:

Secondary Negotiations: PPTA Rejects 'Another Inadequate Offer'

Hard on the heels of an overwhelming rejection of the government’s second offer, the union’s representatives did not believe that the latest offer was good enough to take out to members... More>>

ALSO:

eGates And Social Security: PM Meets With Korean President Moon Jae-In

Our shared values and challenges, the situation on the Korean Peninsula and the opportunity to do more together were features of the meeting between Prime Minister Jacinda Ardern and the President of the Republic of Korea Moon Jae-in today in Auckland. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels