Parliament

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

Gordon Campbell: On The Budget

It may seem like Oliver to be so bold as to ask the Finance Minister for more gruel – but what the Dickens, Steven Joyce… is this Budget really as good as it gets?

Supposedly, the public was going to receive significant rewards – an election year lolly scramble no less – for the eight years of belt tightening that they’ve endured, and for the rundown of essential public services.

Well, what Budget 2017 delivered instead in Education and in Health were allocations barely sufficient to maintain the current levels of service delivery More>>

Scoop Full Coverage: of Budget Announcements & Reaction
Latest: Scoop Search

 
 

Auditor-General Stands Down For Investigation: Gordon Campbell On (Not) Taking Responsibility

So Martin Matthews, our current Auditor-General wishes he could have detected “earlier” the fraud that occurred on his watch at the Ministry of Transport. Hmmm. But he could have detected it earlier, surely? That’s the point. More>>

ALSO:

NGOs Pleased: Govt To Halt Collection Of Client Data

Brenda Pilott, the chair of ComVoices and national manager of Social Service Providers Aotearoa, congratulates the government on its decision to call a halt to the collection of individual client data until the concerns of not-for-profit service providers have been worked through. More>>

ALSO:

Gosh: Blasphemy Law Repeal Struck Down

Chris Hipkins, the MP who tabled a Supplementary Order Paper to add our Blasphemy Law to the Statutes Repeal Bill, said this was a "sad day for freedom of speech, tolerance, and leadership". More>>

ALSO:

Gordon Campbell: On The Navy’s Dealings With Fat Leonard, And Twin Peaks

At an official level, our “she’ll be right” attitude routinely spills over into a keen resentment of anyone who suggests the outcomes may be less than satisfactory… The Navy has now gone one step beyond. It won’t even ask itself whether it did a good job. More>>

ALSO:

NZDF: Fifth Rotation Of Troops Heads To Iraq

The fifth rotation of New Zealand Defence Force troops left today for a six-month mission training Iraqi soldiers. More>>

ALSO:

Gordon Campbell: On The Demonising Of Iran

Will New Zealand still be willing to pursue its recent trade overtures to Iran, now that US President Donald Trump has used his speech in Riyadh to single out Iran as the main source of terrorism and instability in the Middle East? More>>

ALSO:

 
 
 
 

Opening The Election Supporters

 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election