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


Labour’s fiscal plan updated for election

29 August 2017


Labour’s fiscal plan updated for election

Labour’s Fiscal Plan, updated following last week’s pre-election opening of the Government’s books, shows Labour will deliver a significant investment in core public services while responsibly managing the country’s finances, says Labour’s Finance spokesperson Grant Robertson.

“Labour will invest in better education, affordable housing, greater access to health services and lifting children out of poverty, and we’ll do so without increasing income tax.

“The updated Fiscal Plan today confirms our priorities, and our commitment to a credible and responsible management of the public finances.

“Now that we’ve seen the Government’s books we’ve refined our plan to deliver a better deal for New Zealanders.

“The plan sees Labour investing an additional $8 billion into health, $6 billion into education and $5 billion into families over the forecast period.

“Labour’s Tertiary Education policy announced today, including delivering the first year of three years free post-secondary education in 2018 and boosting student allowances by $50 per week, is an example of Labour’s commitment to a progressive and inclusive future.

“We can afford to do this because we have rejected National’s tax cuts. Now is not the time for tax cuts that would give $400 million to the top 10 per cent of income earners.

“Labour’s spending commitments have all been fully costed and can be delivered in line with our Budget Responsibility Rules.

“These rules include running sustainable surpluses, reducing net core crown debt to 20 per cent of GDP within five years of taking office, and prioritising long term investments, such as re-starting contributions to the Super Fund.

“As with Labour’s original Fiscal Plan released in July, this plan has been analysed and vetted by independent economic agency, BERL.

“Voters have a clear choice this election between a tired National Party, bereft of ideas and running out of steam, or an energised Labour Party ready to deliver a better and fairer New Zealand,” says Grant Robertson.

Attached: Labour’s updated Fiscal Plan


© 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>>


Wellington.Scoop: City Council Ends Its Support For Jackson’s Movie Museum

The Wellington City Council and the Movie Museum Limited have today announced a mutually-agreed parting of the ways for a joint project between the Council’s Convention Centre and TMML’s Movie Museum... Both parties remain optimistic for the future of their respective projects. 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>>





Featured InfoPages