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

 


Revenue Projections Drop By Almost $1b A Month

David

PARKER

Spokesperson for Finance

30 January 2013 MEDIA STATEMENT

Revenue Projections Drop By Almost $1b A Month

The Government’s tax forecasts for 2012 - 2016 have dropped by almost $1 billion a month since the election, highlighting its failure to boost growth and create jobs, says Labour’s Finance spokesperson David Parker.

“Since the election the Government’s tax forecasts have dropped by $1 billion a month. That’s no surprise when you’ve got 7.3 per cent unemployment. There are 175,000 people who can’t pay taxes because they’re looking for jobs, in addition to the 180,000 who have left for Australia under National’s watch.

“The worst growth rate for any Government in 50 years means businesses aren’t making enough profits to pay much tax.

“The best way to get the Government’s books into surplus is to raise tax revenue by getting businesses growing and Kiwis working. National simply isn’t doing enough.”

David Parker today issued an update to Labour’s Economic Road Test for the Government, highlighting National’s failure to deliver on its promises.

“National has given up on its hollow promises.

“With 175,000 people looking for work and no extra jobs created last year it has clearly failed in its promise to created 170,000 new jobs. The 180,000 Kiwis who have left for Australia in the last four years are a mockery of John Key’s promise that we wouldn’t have to wave goodbye to our young ones.

“National’s economy faces serious problems. Unemployment is at 13-year highs, growth is stagnating and we have a $10 billion external deficit, which is worse than every developed country bar Greece.

“Kiwis want real and innovative solutions to the serious problems facing this country. It’s time for a hands-on government, one that is committed to jobs and growth,” says David Parker.

Click here to read: Nationals_Economic_Road_Test_Feb13.pdf

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news