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.


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


Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news