Parliament

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

 

Sticking Plaster Budget fails the test

Grant Robertson

MP for Wellington Central
Finance Spokesperson

MEDIA STATEMENT


26 May 2016

Sticking Plaster Budget fails the test

Bill English’s penultimate Budget fails to tackle the structural challenges facing the economy – a housing crisis, rising unemployment, underfunded health and creaking infrastructure, says Labour’s Finance spokesperson Grant Robertson.

“This Budget applies a sticking plaster to a compound fracture. There is nothing tangible in the Budget to create more jobs, deliver a real increase in wages and diversify the economy through encouraging new and emerging businesses to grow and export.

“The Reserve Bank Governor will be kept awake at night. With the economy being driven by population growth, the inadequate announcements in infrastructure spending ignores Graeme Wheeler’s plea for more economic legwork from the Government.

“The failure to tackle demand for housing and a re-heat of last year’s failed Crown land buy-up won’t fix the housing crisis and its threat to financial stability. The forecasts for the dairy sector are dire and will see farmers facing misery through to 2018.

“The Government refuses to take the long-term approach to diversifying the economy. Innovative New Zealand - Steven Joyce’s latest Koru Lounge Fund – will only benefit the last person to get into a minister’s ear. Mr Joyce has built up a byzantine grants scheme that buries business under bureaucratic paperwork.

“Research and development tax credits would make it far simpler to support business innovation.

“National’s short term approach is made stark by its refusal to resume contributions to the Cullen Fund until 2020, despite surpluses being projected from this year.

“Bill English has delivered a Budget that lacks vision and without the courage to tackle the economic challenges this country faces,” says Grant Robertson.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them.

Finally, yesterday’s announcement by the Ardern government that a new state agency will be set up to assess and plan the manned re-entry to the mine (on a set timetable) goes a long way to meeting the families’ remaining request: that they be enabled, if at all possible, to bury their loved ones. More>>

 

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

Speaking Of Transport: Public Engagement On Wellington Scenarios

“Our work on possible solutions for Wellington’s transport future is ongoing, but has progressed to the stage where we’re ready to share our ideas with the public and seek their feedback to help guide our next steps...” More>>

ALSO:

Parental Leave: National's Time-Sharing Change Fails

National has proposed a change to the Parental Leave and Employment Protection Amendment Bill that would allow both parents to take paid parental leave at the same time, if that is what suits them best. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election