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


Economic growth – 4% still a long way to go

Economic growth – 4% still a long way to go

Don Brash - National Finance Spokesperson

Today’s GDP result should disappoint the Minister of Finance, says National’s Finance spokesman Don Brash.

“GDP growth of 3.5 per cent is still short of the Government’s target of a sustained 4 per cent growth rate and most economists argue that this is the peak in the current cycle.

“What we are seeing is further evidence that the Government has squandered the opportunity to take advantage of the best export conditions in a generation.

“Furthermore, Dr Cullen appears surprisingly unconcerned about Treasury’s medium term growth forecasts of little more than 2 per cent per annum. This is not fast enough to return New Zealand to the top half of the OECD – in fact, it will result in continued relative decline.

“If New Zealand is to be back in the top half of the OECD, it needs to adopt policies which foster sustainable economic growth which will allow the economy to grow faster without generating inflation.

“The reality is Dr Cullen has no policy to achieve sustainable growth of 4 per cent. He simply can’t deal with the issues that matter, such as the tax burden, the regulatory environment and the quality of government investment and spending.

“Only when these things are addressed will New Zealand be able to enjoy sustainably higher growth rates,” said Dr Brash.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election