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


Unemployment and housing crisis trump Crown accounts

10 May 2016

Unemployment and housing crisis trump Crown accounts

The Government’s financial update today shows its focus on maintaining a wafer-thin surplus has come at the expense of real ideas about how to tackle the big economic problems we face, like child poverty, unemployment, and the housing crisis, the Green Party said.

Government Financial Statements for the nine months to 31 March 2016, the last update before the Budget on 26 May, showed a modest $167 million operating balance before gains and losses and net government debt of $63.3 billion.

“While the Government’s accounts are important, what’s far more meaningful to New Zealanders is that unemployment has risen to 144,000 people and median Auckland house prices are now almost ten times the median household income,” Green Party finance spokesperson Julie Anne Genter said.

“The Government’s books are marginally in surplus this month because of delays to expected spending on things like Christchurch rebuild anchor projects and Treaty of Waitangi settlements, not because of any particularly amazing economic management.

“The Crown accounts move around from month to month but what’s important in the long term is that after eight years, National hasn’t built an economy that is actually overcoming the problems we face as a country, like the housing crisis and child poverty.

“Rising unemployment and a huge housing crisis are signs of a Government that has lost control of the economy and run out of new ideas.

“Per capita GDP is barely growing at all – our economy is only growing because we’re getting more people in the country, not because we’re doing things smarter or producing more efficiently.

“The Government could put our economy on the right track by investing in job creation in clean technology industries, supporting diversification and R&D, building affordable housing, and encouraging people to invest in productive businesses rather than houses,” said Ms Genter.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Teachers Strike: Nationwide Rallies And Marches

Teachers and principals voted for a full day strike to be held on 15 August to send a strong message to the Government that the current collective agreement offers from the Ministry of Education would not fix the crisis in teaching.

"There needs to be better investment in education so every child can reach their potential and we have enough teachers for every class", said NZEI Te Riu Roa lead principal negotiator Louise Green. More>>


Pay Equity: Historic Settlement For Education Support Workers

The New Zealand Educational Institute (NZEI) and the Ministry of Education today signed Terms of Settlement to address a pay equity claim for 329 support workers who work with very young children in early childhood and primary schools. More>>


Gordon Campbell: On The Stereotypes About Jacinda Ardern

Routinely, female politicians get depicted as either show ponies or battle axes, with little room for anything else in between. .. More>>

Weekend Interviews: "Discriminatory And Racist" Aussie Deportations

The former president of Australia’s Human Rights Commission Gillian Triggs says deportations have risen dramatically in Australia since 2014 when ministers and ministerial delegates were given the power to cancel visas - and half of those being deported are New Zealanders. "These are massive numbers, actually escalating dramatically."... More>>


Legal Challenge: Prisoner Has 9 Boxes Of Documents Seized

Human rights organisation People Against Prisons Aotearoa says a prisoner they advocate for has had 9 boxes of legal documents seized from him just days before his case against the Department of Corrections was to be heard. More>>

Single-Use Plastic Bags: Govt To Phase Them Out

Single-use plastic shopping bags will be phased out over the next year, Prime Minister Jacinda Ardern and Associate Environment Minister Eugenie Sage announced today. More>>


Lesser Politicians: ACT Conference Promises Fewer Politicians

Party Leader David Seymour today revealed his Smaller Government Bill which will reduce the size of Parliament to 100 MPs, limit the size of the Executive to 20 Ministers, and remove the Maori seats. More>>


Gender Changes: Suggested Change To Birth, Deaths And Marriages Act Welcomed

The current process to change the sex ‘marker’ on a birth certificate is lengthy, expensive and requires medical evidence as well as the involvement of the Family Court... More>>





Featured InfoPages