Parliament

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

 

Opportunity for greater social investment

18 December 2003

Hon Matt Robson MP, Progressive Deputy Leader

Strong fiscal outlook opportunity for greater social investment and further debt reduction


Today's December Economic and Fiscal Update shows the Labour Progressive coalition government's cautious fiscal approach has put New Zealand in a strong economic position allowing essential social and infrastructure investment and the potential for further debt reduction, said Matt Robson Progressive Deputy Leader.

"Alleviating poverty and boosting economic development go hand in hand. The work we are doing in economic development, supporting regional growth and industry development, and the investments we are making in infrastructure are showing good returns not just for business, but for working families.

"Now we have the ability to boost support for low to middle income families, something the Progressives have been advocating and supporting at Cabinet level. It is heartening to know that we have the capacity, and the government consensus, that the money is available year on year, to address this serious problem.

"The forecasts for continued economic growth and low unemployment in the December Economic and Fiscal Update are a tribute to the strength of the government's programme of investment in economic development, infrastructure and debt reduction.

"This period of economic buoyancy must be fully utilised to strengthen our economic base and support for social programmes. The Progressives will also be supporting further infrastructural and capital investment to build up our ability to survive unexpected economic shocks and less affluent times. We would also support reducing our debt, and lowering the target GDP to debt ratio of 30 per cent as we are well below that currently on 24 per cent, and are looking at a buoyant future," said Matt Robson.


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Dealing Crackdown, Addiction Support: Government Action On Synthetics

The NZ Drug Foundation has welcomed the Government’s response to synthetic drug deaths. The response strikes a balance between giving law enforcement the tools they need to target criminal networks and changing drug law to make it easier for people to access help when they need it. More>>

ALSO:

Strategy Committee Unanimous: Wellington To Forge Ahead With Convention Centre

The three-storey Cable Street building, with around 18,000-square metres of floor space, will comfortably be able to host 1500 people for conventions. It includes a 1651sq m exhibition area that will attract international exhibitions too big for nearby Te Papa and provide an always-changing visitor attraction. More>>

ALSO:

Surveying The Surveillance: First IGIS Review Of Warrants Under New Act

The report sets out the Inspector-General’s interpretation of the new warrant provisions under the ISA and her expectations of the GCSB and NZSIS when they prepare warrant applications. More>>

SSC: 2018 Public Service Workforce Data Published

State Services Commissioner Peter Hughes has published the 2018 Our People, Public Service Workforce Data , which shows the Public Service is making significant progress in important areas. More>>

ALSO:

Sinking Cap: Auctions, Permanent Forests, Added To ETS

The move to auctions, signalled in an August consultation paper, will help put a cap on the number of emission units available over time. Annual announcements, looking forward five years, will help provide certainty for scheme participants, she said. More>>

ALSO:

Joint Select Committee Report: Achieving Smokefree 2025

In a historic first for select committees, the Māori Affairs Committee and the Health Committee presented their joint report on achieving the Smokefree 2025 goal to the House on Tuesday, 11 December 2018. More>>

"Shared Interests And Democratic Values": Peters To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. for talks with US Secretary of State Michael R. Pompeo and other senior members of the US Administration. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels