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

 


PQ 6. Finance, Minister—Statements

6. Finance, Minister—Statements

[Sitting date: 31 July 2014. Volume:700;Page:2. Text is subject to correction.]


6. Hon DAVID PARKER (Deputy Leader—Labour) to the Minister of Finance : Does he stand by all his answers to Oral Question No 6 on 30 July 2014?

Hon BILL ENGLISH (Minister of Finance): Yes, part icularly that part of my statement where I said the member was wrong.

Hon David Parker : Why in question time yesterday did he deny that exports have fallen to 29 percent of GDP since he took office?

Hon BILL ENGLISH : Actually, I did not deny it. What I said was I could not tell the member the number. I remember that because he laughed.

Hon David Parker : I seek leave to table the transcript of yesterday’s Hansard, where the Minister denied—

Mr SPEAKER : Order! The transcripts are available to all members.

Hon David Parker : What remedy, then, do I have? I authenticated this question when it was submitted to the Clerk, and the Deputy Prime Minister did, on the advice of Mr Joyce, deny that question.

Mr SPEAKER : The remedy available now, if the member thinks he has been misrepresented by the Minister, is to apply to me under Standing Order 355.

Hon David Parker : Is the reason he chose to misrepresent export figures in question time yesterday because the drop in exports from 33 percent to 29 percent of GDP shows he is failing in his promise to lift exports to 40 percent of GDP?

Hon BILL ENGLISH : No. I could have a discussion with the member about the way the economy is progressing but, for instance, one factor in GDP, which the member often mentions, is the rebuild after the Christchurch earthquakes. It is sucking in an enormous amount of resources that cannot be available for exporting, so it is not surprising if, in this phase, GDP is not being driven entirely by exports. But I would repeat what I said yesterday. Our exporters have done incredibly well in the face of a high exchange rate. They have become more innovative, more resilient, and they are in great shape to do well under a re-elected National Government.

Hon David Parker : How many jobs does he expect will be lost as a consequence of the significant drop in export prices?

Hon BILL ENGLISH : I do not think there would be any credible estimates of that, but the drop in export prices is not unexpected. When we had a record high dairy price—the highest ever—it was always going to come down. I do not know why the member is so surprised about that. Does he not understand how the world works?

Hon David Parker : Is he now aware that in his Budget his own department forecast that over the next 2 years exports will drop in dollar terms, and as a percentage of GDP to 26 percent of GDP, less than the 33 percent of GDP it was when he took office, and in the opposite direction of his 40 percent target?

Hon BILL ENGLISH : I am aware of the content of the Treasury forecasts, and as with its other export-orientated forecast, the current account deficit, it has been consistently wrong for the last 4 years. I will not be at all surprised if our export sector shows that it is more resilient than Treasury expects, more profitable and more successful. Certainly, that has been our view, and so far Treasury has been not quite on its game and our exporters have been ahead of the game.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On First Time Voting (Centre Right)

For the next two days, I’m turning my column over to two guest columnists who are first time voters. I’ve asked them to explain why they were voting, for whom and what role they thought their parental upbringing had played in shaping their political beliefs ; and at the end, to choose a piece of music.

One guest columnist will be from the centre right, one from the centre left. Today’s column is from the centre right – by James Penn:

As someone who likes to consider himself, in admittedly vainglorious fashion, a considered and rational actor, the act of voting for the first time is a somewhat confusing one. I know that my vote has a close to zero chance of actually influencing the outcome of Parliament. The chance I will cast the marginal vote that adds to National or Act’s number of seats in Parliament is miniscule. The chance, even if I did, that doing so would affect the government makes voting on a strictly practical level even more spurious as a worthwhile exercise.

But somehow I have spent a large amount of time (perhaps detrimentally so, depending on the outcome of my upcoming exams) agonising over how to cast my first vote in a national election. More>>

 

Parliament Today:

SURVEILLANCE:

Election Ad Soundtrack: Rapper Eminem Sues National Party Over Copyright Breach

US rapper Eminem is suing the New Zealand National Party for alleged copyright infringement over unauthorised use of the rapper’s ‘Lose Yourself’ song in an election campaign advertisement. More>>

ALSO:

Pre-Election Chartering: Four New Partnership Schools To Open

Education Minister Hekia Parata today announced the Government has signed contracts to open four new Partnership Schools in 2015. More>>

ALSO:

Werewolf 50 Out Now - The Election Issue: Loss Leaders

Gordon Campbell: A third term requires a mature decision, with eyes wide open. It calls for a conscious vote of confidence… Without trying hard here are about 19 reasons, in no particular order, for not ticking ‘party vote’ National. More>>

ALSO:

Not-Especially New Plans: All Prisons To Become Working Prisons Under National

All public prisons in New Zealand will become full working prisons by 2017, and ex-prisoners will receive post-release drug addiction treatment if National is returned to government, says Corrections Spokesperson Anne Tolley. More>>

ALSO:

Māngere: "False Claim Of Matai Title" - Labour

National must explain why its candidate for Māngere Misa Fia Turner appears to be using a Matai title she is not entitled to, Labour’s MP for Māngere and Pacific Islands Affairs spokesperson Su’a William Sio says. A Matai title is a legally-recognised ... More>>

ALSO:

CPAG Report: No New Zealand Child Should Grow Up In Poverty

Child Poverty Action Group's flagship policy publication Our Children, Our Choice: Priorities for Policy calls for cross party political agreement to underpin an action plan to eliminate child poverty in New Zealand. More>>

ALSO:

Gordon Campbell:
On National’s Phantom Tax Cut Package

Hmmm. So National’s tax cuts package turns out to be one of those television advertisements that screams a headline promise – perfect skin! a youth tonic that works! – while in very small print there’s an out clause: special conditions may apply. More>>

ALSO:

Water: New Marine Reserves On West Coast Opened

Five new marine reserves were officially opened by Conservation Minister Dr Nick Smith on the West Coast of the South Island to protect a range of marine ecosystems for conservation, science and recreation. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news