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

 


Is This As Good As It Gets?

"The $3.8 billion balance of payments figure for the year ended December 2001 will be as good as it gets," says National Finance spokesman David Carter.

Mr Carter predicts deteriorating current account deficits for the country from now on.

"The latest figure has come on the back of strong exports - generated from a once in a generation combination of good climatic conditions, high commodity prices and a low exchange rate.

"On top of this, imports have been low due to the weak domestic economy."

Mr Carter says most economists are now expecting a deterioration in our balance of payments given stronger domestic activity and weaker exports.

"It's disappointing that the Government has missed a golden opportunity to take advantage of these favourable exporting conditions to lock in a better performance for the New Zealand economy."

He says the answer to New Zealand's persistent balance of payment problems are economic policies that will improve our international competitiveness in areas such as compliance costs, tax rates and skill level of the workforce.

"These are the only things that are important and it is where National is concentrating its efforts," Mr Carter concluded.

Ends


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

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