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


National Welshes On Promise To Produce Costings

22 July 2002

National Welshes On Promise To Produce Costings

“National has thrown away any claim to be taken seriously in this campaign through its failure to produce costings of its policy platform,” Finance Minister Michael Cullen said today.

“We prepared costings of their policies last week which showed that their accounting would make Enron blush.

“Even assuming a three year wage freeze in the state sector and no unexpected events requiring a fiscal response; their spending would outstrip Labour’s New Zealand Superannuation Fund contributions by at least $1.5 billion in Year Four with the gap widening in subsequent years.

“Although our figures were deliberately conservative, National challenged them and promised to release its own on July 23.

“However Bill English has now welshed on that promise. National’s credibility is in tatters as it is clear that they cannot make their numbers add up,” Dr Cullen said.

“I would like to hear from Ruth Richardson, the architect of the Fiscal Responsibility Act as it was precisely to avoid this scenario that the Act was passed.

“Labour released a detailed alternative budget before the 1999 election which demonstrated that we could pay for our programme while also achieving our fiscal objectives of running surpluses across the economic cycle, making contributions to the Super Fund and bringing gross debt to below 30 percent of GDP.

“We produced that budget to establish our credentials with the electorate for responsible fiscal and economic management. The voters are entitled to expect the same standards of transparency and openness from National,” Dr Cullen said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


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>>


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>>


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>>


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>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news