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


Opening Of The Books Crunch Time For Party Policy

Treasurer Bill English said this week's pre-election opening of the books was crunch time for political parties and their spending promises.

"On Thursday we'll see exactly where the country's finances are at and find out what the Treasury is forecasting for the next three years.

"The Pre-Election Economic and Fiscal Update (PREFU) will set the benchmark against which all political promises can be measured.

"The way the system works means that everything the National-led Government has committed to, like the tax reductions and health spending, has been factored in. Options we have considered that have been costed but not finalised will be there as costed risks, and even options that we've only thought about will be there as uncosted risks.

"Other parties, on the other hand, are starting to run away with their promises and it's time to ask the hard questions about how they will pay for them. Jim Anderton is right when he says that Labour is trying to avoid costing its promises.

"Labour is running two lists. The 'A' list is the credit card policies that have been costed, which will be financed by tax increases, and which Dr Cullen will admit to. The 'B' list is the promises that his colleagues have been making and which have not been costed or factored in. Tax deductibility for Research & Development costs and reversing the ACC changes are just two examples. The 'B' list will be financed by new taxes or higher taxes.

"At least voters know where they stand with the Alliance - there will be more Government spending paid for with tax increases. Dr Cullen is trying to be too clever by half by saying that only those promises he chooses need to be costed. The pre-election update sets the standard expected of a government. Dr Cullen and Labour have fallen short," said Mr English.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Reforming Parliament’s Toxic Culture

It would be nice to think Parliament was a forum where rationality ruled – and where policies are raised and evaluated in terms of their contribution to the greater good. Obviously, it isn’t like that... More>>

Historic Assualt Allegation: Parliamentary Service Staff Member Stood Down
Rt Hon Trevor Mallard said today: “I do not want to cut across any employment or possible police investigations, but I am satisfied that the Parliamentary Service has removed a threat to the safety of women working in the Parliamentary complex." More>>


Fatal 2018 Crash: Police Officer Should Not Have Engaged In Pursuit

The Independent Police Conduct Authority has found that a Police officer should not have tried to stop or pursue a car thought to contain young people in Palmerston North on 28 May 2018. More>>


New Poverty Targets: Goals Overlook 174000 Children In Worst Poverty

Child Poverty Action Group is pleased to see the Government set ambitious 10-year targets for child poverty reduction, but we are disappointed not to see a target set for improving thousands of young lives where the worst of poverty is found. More>>


Study: Guidelines Needed To Avoid Risks In Government AI

New Zealand is a world leader in government algorithm use – but measures are needed to guard against their dangers. This is the conclusion of a New Zealand Law Foundation-funded report from the University of Otago’s Artificial Intelligence and Law in New Zealand Project. More>>


Pike River: Families Welcome Opening Of Drift

The group representing 29 of the Pike River Families - the Pike River Family Reference Group - has welcomed the unsealing of the mine at a private family event this morning... More>>


Auckland Harbour Bridge: New Design For Walking And Cycling Crossing

The NZ Transport Agency has released plans for its preferred option for a shared path over the Auckland Harbour Bridge which will transform walking and cycling not only across the harbour, but throughout the city. The Transport Agency says its preferred ... More>>



Shaw First Reading Speech: Climate Change Response Bill

Madam Speaker, today we begin the task of amending the Climate Change Response Act [2002], to fulfil the commitment that we have made, as a country, to limit global warming to no more than 1.5 degrees Celsius above pre-industrial levels. More>>


Housing: More Unsold Kiwibuild Houses Bought By Govt

The Crown underwrite for unsold Kiwibuild homes has been triggered for a second time. Now lack of sales in Mike Greer's development in Canterbury and Auckland means the government has had to buy back seven more homes. More>>





InfoPages News Channels