Parliament

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

 

Labour's Numbers Don't Add Up - ACT


Tuesday 9th Nov 1999
Rodney Hide
Media Release -- Economy

ACT Finance Spokesman Rodney Hide today said that Labour's fiscal projections released today don't add up.

"Labour's promises don't match the extra spending allowed for. All Labour has done is make extravagant spending promises without explaining how they are ever to be paid for.

"The fiscal projections that Labour have produced today show increased spending totalling $2.4 billion over three years. This does not match Labour's promises. Cullen's talk of spending an extra $4.3 billion over three years is wrong. Dr Cullen is counting the $2.7 billion set aside for future initiatives twice.

"The projections do not explain which of Labour's promises are to be delivered on and, more importantly, which aren't.

"Labour haven't even costed their credit card promises. These alone add up to at least $750 million a year. In addition Labour have made promises that add up to another $900 million a year. On top of that Labour have made another 200 odd spending promises that can't be costed.

"Yet Labour's Dr Cullen is budgeting on increasing spending by $915 million in 2002/3. That extra spending is bad news for taxpayers but it's nowhere near enough to match Labour's promises.

"In year three, Labour is promising to fund all promises with just two percent extra spending. It simply does not add up.

"To have any credibility, Dr Michael Cullen must list the promises Labour will deliver on with the cost of each promise specified. Until he does so the numbers he has released today are just playschool projections," said Rodney Hide.

ENDS

For more information visit ACT online at http://www.act.org.nz or contact the ACT Parliamentary Office at act@parliament.govt.nz.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The West’s Role In Arming Khashoggi’s Killers

The cliché about one death being a tragedy and a million deaths only a statistic has been demonstrated in spades by the murder of the Saudi journalist Jamal Khashoggi.

Of all the crimes committed over the past decade by the Saudi regime, it has been this revenge killing ordered by the Saudi Crown Prince Mohammed bin Salman that has finally brought universal condemnation. More>>

ALSO:

.

 
 

MP Reportedly In Mental Health Care: Speaker Of The House Seeks Advice

After unleashing a volley of damaging allegations against his former leader, National's Simon Bridges, and his party, Jami-Lee Ross was reportedly taken into mental health care over the weekend. More>>

Gordon Campbell: On Jami-Lee Ross (And The New Hobbit Law)

Clearly, Jami-Lee Ross is not waging a normal form of political warfare, with agreed rules of combat and rational cost/benefit calculations.

This is politics-as-terrorism where everything is being sacrificed by the man in the bomb vest in order to remove Simon Bridges as the leader of the National Party. More>>

ALSO:

Film Industry Working Group:

Three Killed: DOC Supporting Family, Colleagues After Helicopter Crash

The Department of Conservation (DOC) is rallying around family and colleagues of the staff who died in a helicopter crash this morning in Wanaka... The helicopter, with two DOC staff on board, was on its way to undertake tahr control in the Haast area when it crashed. More>>

ALSO:

Political Donations: Greens Call For Tighter Anonymity Rules And Public Funding

“It is clear that those vested interests have a tangible influence on the decision making of political parties. This is a threat to democracy and should change.” More>>

ALSO:

Education Amendment Bill Passes: Urgency Sought For Partnership School Treaty Claim

The claim takes issue with the acts and omissions of the Crown in respect of the closure of Partnership Schools | Kura Hourua. More>>

ALSO:

Salvation Army Paper: Call For Public Housing Investment

To meet these future demands the report suggests the government needs to look beyond the private rental market and begin to invest heavily into home-ownership programmes and more public and social housing. More>>

ALSO:

Cull: Himalayan Tahr Control Operation Proceeding

“The target of controlling 10,000 Himalayan tahr over the next eight months remains. The revised plan provides for a staged control operation with increased reporting to the Tahr Liaison Group...” More>>

ALSO:

Health: Petitions To Fund Breast Cancer Drugs

Women marching to Parliament today, to present two petitions calling for Government funding of vital medicines, have 100% support from a coalition representing than 30 breast cancer organisations. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels