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Economic growth the key to prosperity

Economic growth the key to prosperity

New Zealand is at risk of slipping further down the ladder unless it can offer the right climate for business growth, better education standards and a better welfare system, says National's Finance spokesman, Don Brash.

These are three of the key policy areas targeted in a discussion paper on economic growth, released by Dr Brash today.

"The kind of society we have always valued in New Zealand is at risk of being wiped out by falling living standards," says Dr Brash. "While the Government claims to want more growth, it continues to impede that growth with almost every new policy it puts in place."

Dr Brash's discussion paper sets out ten key areas which National targets as crucial to lifting economic growth. It calls for improvements to the education system, immigration policy, biosecurity and export market access and it advocates reform of the benefit system.

The paper attacks the burden of the current tax system and compliance costs on business and calls for infrastructure, particularly roading and electricity generation, to be substantially improved.

It also proposes a review of the Crown's balance sheet and a limit to the size of government to ensure the goal of longer-term growth.

"National is committed to doing everything possible to restore the culture on which economic growth ultimately depends. No one policy will do this, but substantial improvements across key policy areas will," says Dr Brash.

He says the paper is being used as a basis for securing feedback and discussion as part of National's policy formulation process.

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