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


Standard & Poor’s report remains positive

Hon Dr Michael Cullen Minister of Finance

8 September 2004

Standard & Poor’s report remains positive

Standard & Poor’s has reconfirmed New Zealand’s AA+ credit rating.

Finance Minister Michael Cullen says “the agency has identified the government’s prudent fiscal management and ongoing fiscal discipline as a major strength behind the continued high ranking.

While the report highlights ongoing current account deficits as a potential weakness, the Government has a number of policies to promote saving, one of which is the New Zealand Super Fund.

This will continue to be a focus in the future.

Standard & Poor’s advises that “it is important for both government and opposition parties to resist temptations to diminish the strength of government finances in the lead up to next year’s election.”

Dr Cullen restated that this Government “puts a high value on consistency and prudence and governing for the long term.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


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>>


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>>


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>>


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>>


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>>


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>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news