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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

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Gordon Campbell: On First Time Voting (Greens)

For the last two days, I’ve turned my column over to a couple of guest columnists who are first time voters. They’ve been asked 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. Today’s guest columnist is Ana Avia-O’Connor, who will be casting her first time vote on Saturday for the Greens.

If I didn’t know any better, it would seem the world has conspired for me to be a Green Party voter. Parents, Green voters? Check. Participation in bilingual education that stressed the importance of inquiry, solidarity and the Treaty? Check. Some sort of vegetarian leanings (seven years and counting, jus’ sayin’)? Check. However, above all of that, I’m voting Green because I believe in supporting the importance of every New Zealander’s contribution to Aotearoa, from the hairdresser in Foxton to the fisherman in Bluff. You could say that I like the cut of the Greens’ jib. More>>

 

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