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

 


Labour’s alternative budget confirms surplus post PREFU

Labour’s alternative budget confirms surplus post PREFU

The forecast slowdown in economic growth from last week’s PREFU requires a minor adjustment to Labour’s fiscal plan as part of our policy to be honest and upfront with Kiwis, Labour Leader David Cunliffe says.

“Labour has already released a detailed alternative budget that took into account a potential slowdown in economic growth. Today we have updated that, following the release of the PREFU.

“It is a no-surprises policy that confirms our determination to pay off National’s record debt. National should do the same.

“Labour has removed the indexing of the extra $1 billion a year budget allowance.

“This allowance will still meet increases in inflation and population growth for the next three years. After that we will reassess indexing of this investment.

“Labour has trimmed its new spending and allowances for the election campaign by $300 million a year, $200 million of which was a contingency buffer factored in for an economic downturn.

“In addition to meeting our debt reduction commitments in light of the PREFU’s reduced revenue from the cooling economy, Labour will focus on priorities, adjust the timing of some policies and not proceed with some unannounced minor policies.

“Labour’s responsible plan will boost growth, pay down debt and make sure Kiwis have access to the public services they need. This is an open and transparent approach that New Zealanders want to see.

“Unfortunately National has not been as upfront with Kiwis. There is still significant spending that has yet to be announced by National, meaning New Zealanders are not in a position to make a clear comparison.

“Labour has spent this campaign being clear and upfront with New Zealanders about our spending plans when in government. It is time for National to do the same,” David Cunliffe says.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news