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

 


Government Forecasts Shows Need For Spending Cap Legislation

Government Forecasts Shows Need For Spending Cap Legislation
Press Release by ACT Leader John Banks
Tuesday, December 18 2012

National’s Half Year Economic and Fiscal Update commitment to significant spending restraint is commendable, but needs to backed by credible measures to ensure that proposed spending disciplines are sustainable, ACT Leader John Banks said today.

“Forecasting future spending restraint is the easy bit, it’s the doing that is hard. The big spanner in the works is the prospect of a Labour-led Government with Russel Norman at the levers of Treasury, spending big and printing money,” Mr Banks said.

“If we are to get the Government off the backs and out of the pockets of hard pressed taxpayers we must not only reduce the size of government, but also put legislation in place which makes future Governments more accountable to taxpayers for increases in spending.

“ACT’s Spending Limit legislation would see a cap put in place on government spending which would be tied to inflation and population growth. If spending busts through the cap politicians will need to explain to taxpayers why this has occurred.

“Like the Public Finance Act, the Spending Cap would encourage greater accountability and transparency, leading to a more efficient, effective and innovative state sector, and ultimately higher living standards.

“Taxpayers understand the government is spending beyond its means and have taken the government at its word that it will start to repay debt in 2014 – 2015.

“Introducing a spending cap would give taxpayers greater confidence that these future forecasts will come to fruition and will not be derailed by future governments spending up large with taxpayers’ dollars.

“It will make for more efficient government and that is good for taxpayers,” Mr Banks said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Anzac Day:


Reshuffle: PM Announces Changes To Ministerial Portfolios

Prime Minister Bill English today announced the appointment of Gerry Brownlee as Minister of Foreign Affairs, Nathan Guy as Minister of Civil Defence, Nikki Kaye as Minister of Education and Mark Mitchell as Minister of Defence.

The changes follow the resignations from Cabinet of Hekia Parata and Murray McCully.

In other changes Simon Bridges has been appointed Leader of the House and Nicky Wagner has been made Minister supporting Greater Christchurch Regeneration. More>>

 

Q+A Transcript: CTU Call For 'National Standards' On Wages

‘If you look at countries who do better than us, who pay wages better, who have more competitive industries, more successful economies, they have systems where there are national standards.’ More>>

ALSO:

Health Workers Respond: People's Mental Health Report Released

The People's Mental Health Review reinforces a recent YesWeCare.nz survey of 6,000 health workers, which found nine in 10 believe they don't have the staff or resources to deliver the care Kiwis need when they need it. More>>

ALSO:

More Mental Health:

Energy: Greens Launch Plan For Cheaper And Cleaner Electricity

$112 million for winter warm-up payments to help low-income households cover their power bills • setting a goal for 100 percent renewable electricity by 2030 (in average hydrological conditions) • an investigation into the electricity wholesale market. More>>

ALSO:

Gordon Campbell: On The Aged-Care Settlement

Until yesterday, a National government has always been the sworn enemy of women seeking justice in the workplace, in the face of gender-based pay discrimination. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news