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

 


Numbers good luck, not good management

Numbers good luck, not good management


The Finance Minister’s rhetoric around today’s December Economic and Fiscal Update can’t match the reality that this will be about as good as it gets, says National’s Finance spokesman, Don Brash.

“The revenue numbers reflect what we already know – New Zealand has enjoyed a buoyant economy over the last couple of years, thanks to good export prices, a relatively low exchange rate, good times down on the farm, strong immigration and, importantly, the beneficial effects of the reforms of the late 80’s and early 90’s.

“But Dr Cullen shouldn’t kid himself that we’re well on the path to the much-vaunted target of 4 per cent sustainable growth.

“Export prices are starting to come off, the exchange rate is going up and the Government is intent on slowing down immigration. There’s a raft of new legislation in the pipeline which will increase the costs and risks of doing business. This is starting to impact on growth, as reflected in today’s gloomy business confidence numbers”.

Dr Brash goes on to say that at no point in the projected numbers does the economy grow faster than 3 per cent after the present year.

“It falls well short of the 4 per cent target, the figure most observers see as necessary to reduce the gap between our living standards and those in Australia.

“Further, it is disappointing that government spending will continue to grow at roughly the same speed as the economy, with the ratio of government spending to GDP remaining steady at a fairly high 40 per cent,” says Dr Brash.


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

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>>

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>>

ALSO:

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>>

ALSO:

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

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news