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

 


Lower tax take leaves Govt revenue $829m down

Lower tax take leaves Govt revenue $829m down

Falling tax revenue has left the Government‘s revenue $829 million lower than forecast, Labour’s Finance spokesperson David Parker says.

“For the fifth month in a row, the Government’s accounts have undershot expectations with tax revenue $829 million below forecast.

“Bill English claims the benefits of the economic growth are being shared fairly. If that were the case, tax revenue would not be short of his projections.

“The books have now been worse than predicted in November, December, January, February and now March.

“It will be interesting to see what effect this has on the Finance Minister’s wafer-thin micro surplus for 2014/15 that he will announce in next Thursday’s Budget.

“The Household Labour Force Survey released this week shows wages are stagnating and unemployment remains stubbornly high.

“Bill English is busy claiming workers can expect significant wage increases but if their pay was growing, the Government’s tax take would not be so short of its target.

“National’s lack of vision for the economy has been shown up by these continuing shortfalls.

“Labour’s economic upgrade will support better jobs and higher incomes,” David Parker says.

Ends


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

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. We need to bring ourselves that way. The trouble is the Contracts Act. The Contracts Act was a disaster. The Employment Relations Act was supposed to promote collective bargaining. It was supposed to address the inherent imbalance between employees and employers.’ More>>

 

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