Parliament

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

 

More secure funding base for land transport


More secure funding base for land transport


Fuel excise duty and road user charges for light vehicles will be indexed to inflation from 2006 as part of the government’s transport strategy, Finance Minister Michael Cullen said today.

“The indexation will apply to the proportion of the excise [17.725 cents of 36.2 cents per litre] used to fund land transport. All RUC revenue is used for roading.

“The effect of the decision, which was taken as part of the Investing for Growth transport package announced in December, will be to put transport on to a more secure funding base.

“It also means that the proportion of the total excise duty going to land transport will continue to grow and the proportion going to general funding will continue to fall.

“Spending pressures will arise in the future as the costs of building roads increase and new technologies make vehicles more fuel efficient reducing the excise revenue per vehicle, per kilometre,” Dr Cullen said.

Fuel excise is due to increase by 5 cents per litre [excluding GST] from April, 2005 with an equivalent increase for RUCs for light diesel vehicles. The first indexed increase will take place in April, 2006. At expected average rates of inflation, each annual increase will be well under half a cent per litre.

The April 2005 increase will raise around $207 million a year. This will be distributed proportionally around the country according to population. In response to official information requests, the documents relating to the Investing for Growth transport package will be available later today http://www.treasury.govt.nz/release/investinggrowth/

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Supreme Court: Worksafe Decision On Whittall Pike River Prosecution Unlawful

The question in issue on the appeal was whether WorkSafe New Zealand acted to give effect to an unlawful agreement of this nature when it offered no evidence on charges against Peter William Whittall for breaches of the Health and Safety in Employment Act 1992...

The Supreme Court... has found that the decision to offer no evidence was made under an unlawful agreement to stifle prosecution. It has granted a declaration to that effect. More>>

 

Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>

ALSO:

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>

ALSO:

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election