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


PM's economic goal demands 6 per cent growth

PM's economic goal demands 6 percent growth

Tuesday 13th Feb 2001 Rodney Hide Media Release -- Economy

ACT Finance spokesman Rodney Hide said in Parliament today it was great news that the Prime Minister had set the country a clear economic goal. The bad news is that she has not set out a policy path to achieve it.

“Helen Clark today told Parliament that ‘we can look ahead 10 years’ and ‘we can be in the top half of the OECD, not falling to the bottom’.

“That’s a great goal, and a worthy one. On the OECD economic ladder, we are now country number 21 out of 29, and falling. Last year, Spain that is just below us, grew at 4.3 percent, with Korea growing 8.3 percent. We grew at just 1.3 percent.

“On last year’s growth rate, we would fall over the next 10 years to place number 23, below Spain, Portugal and Korea. We would still be above Hungary, Poland and the Czech Republic. “The Government’s own projections of 2.9 percent would still see us falling below Spain.

“To get in the top half of the OECD economic ladder would require that: (a) everyone else stands still while New Zealand puddles along, (b) all the African states join the OECD, or (c) New Zealand grows at 6 percent real each year for the next 10 years.

“It can be done. But the prescription is lower tax, a massive cut to red tape, a commitment to private property and to binding contracts.

“This Government’s prescription of state-run Banks, a re-regulated labour market, tax increases and more regulations in opposition to every other OECD country’s direction can only push New Zealand further down the economic ladder,” Rodney Hide said.


For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


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>>


Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>


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>>


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>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news