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

 


IMF report strongly positive


IMF report strongly positive


Finance Minister Michael Cullen today welcomed the latest International Monetary Fund report on New Zealand, describing it as “strongly supportive of the government’s policy direction.”

The IMF commends the government’s fiscal prudence and discipline while also supporting the assistance package for low to middle income families which will form the centrepiece of this year’s budget.

It says the government’s early intervention to address, through the establishment of the New Zealand Superannuation Fund, the spending pressures arising from the aging population confirms New Zealand’s reputation for innovative and far-sighted policymaking.

And it endorses the objectives of the Growth and Innovation Framework together with the government’s efforts to build work skills and to encourage people to move from welfare to work.

It attributes the relative strength of the New Zealand economy through the recent world slowdown to the sustained implementation of prudent monetary and fiscal policies and to the structural reforms of the last 20 years and says that, although growth is expected to slow this year, New Zealand remains generally well-placed to absorb adverse shocks without undue economic distress.

“This obviously represents a substantial endorsement of the government and should be a source of pride to all New Zealanders,” Dr Cullen said.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

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:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news