Parliament

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

 

Labour's Strategy for Growth

8 July 2002

“New Zealand has performed well through the global downturn and is projected to continue growing at around 3 per cent a year over the next four years,” Finance Minister Michael Cullen said today.

“But to return to the top half of the OECD, we need to lift our sustainable growth rate and - because we are Labour - we are determined to do this while also protecting the environment and promoting social equity.

“We have established our credentials as economic and fiscal managers and have successfully asserted a constructive role for the government in the economy. We know there is no single bullet solution and that for change to succeed, it needs to be supported by the majority of the population.

“So we have sought to progress incrementally across a broad front and to work in partnership with other stakeholders, including local government, the tertiary sector, business and the union movement.

“We will continue with this approach in our next term,” Dr Cullen said.

Specific commitments include:

- promoting economic transformation through support for research, science and technology and through the innovation and growth framework

- ensuring that the Policy Targets Agreement negotiated with the next Reserve Bank Governor clearly reflects the government’s intention that the conduct of monetary policy be sufficiently flexible to maintain price stability while also supporting growth

- initiating discussions between business, the unions and relevant government agencies to identify ways to lift productivity

- encouraging the development of employment based but portable superannuation schemes

- reforming the cross border tax regime

- addressing the infrastructural deficit inherited from nine years of National-led government, including through the formation of public-private partnerships

- securing the future of New Zealand Superannuation through contributions to the New Zealand Superannuation Fund

- continuing to reduce business compliance costs and to simplify the tax system, especially for small and medium-sized businesses

- examining the introduction of a dedicated health tax to replace an equivalent amount of income tax

- expanding and fine-tuning the supports provided to business and the regions through Industry New Zealand

- promoting the New Zealand brand abroad, and attracting more productive foreign direct investment to New Zealand.

“The next Labour government will achieve progress in all these areas while also maintaining a strong set of Crown accounts. We will continue to run operating surpluses sufficient to meet our payments to the Super Fund while also meeting our fiscal target of keeping gross debt below 30 percent of GDP on average across the economic cycle.

“No other political party is offering such a balanced, far-sighted and responsible set of policies and objectives,” Dr Cullen said.

Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Ardern Speech: Justice Summit Opens

If we want to talk about an effective justice system, we shouldn’t start with a discussion about prisons, but a discussion about New Zealand...

We believe in a ‘fair go’. We are fair minded and like to give people a chance. Ensuring everyone is treated fairly is part of the fabric of our culture.

And equally, we are defined by what we don’t believe ourselves to be – and we certainly don’t feel like the kind of place that would have one of the highest incarceration rates in the western world, and yet we do. More>>

 

NZDF: New Chiefs Of Navy, Army And Air Force

“I’m delighted to announce that following approval by Cabinet, Commodore David Proctor, Brigadier John Boswell and Air Commodore Andrew Clark have been appointed by the Governor-General to lead their respective Services,” says Ron Mark. More>>

ALSO:

Christchurch Quake: New Red Zone Payment For Uninsured

The Government will pay former residential red zone owners 100% of the 2007/08 rateable value for uninsured homes, Minister Megan Woods has announced today. More>>

ALSO:

Gordon Campbell: On MP Pay And The REAL P.C. Danger Zone

There has never been anything remotely credible about the way parliamentarians would paint themselves as the helpless victims of the Remuneration Authority when it came to their pay increases... More>>

ALSO:

Repatriation: Remains Of NZ Service People Return Home

Prime Minister Jacinda Ardern and Minister for Veterans Ron Mark say they were honoured to be with the families of service personnel as they welcomed their loved ones home. More>>

ALSO:

Cop Shop Top-Up: 1800 New Police Through NZ

Police Commissioner Mike Bush has today confirmed further details around the allocation of the 1800 additional officers, following a $298.8 million increase for Police in Budget 2018... “These 1800 officers, alongside 485 support staff, will really enhance our work to keep people safe, and ensure they feel safe,” says Mr Bush. More>>

ALSO:

Human Right Commissions: Concern On Aged Care And Consent

A new report published by the Human Rights Commission raises concerns about the legal and human rights safeguards for an estimated 5000 elderly New Zealanders in secure dementia units and psychogeriatric facilities. More>>

ALSO:

Greens AGM: Leadership Stands Firm On Waka Jumping Bill

The Green Party leadership have dug in their heels and will not be reversing any of the decisions they have made in government. Former MPs Jeanette Fitzsimons and Sue Bradford had hoped the caucus might be persuaded this weekend to pull its support from the waka jumping bill. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages