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


Health warning needed on Alliance budget

The Alliance's budget is so mickey mouse it should carry a health warning, Treasurer Bill English said today.

"We've spent days trying to make sense of the Alliance budget. We've finally come to the conclusion that it is incomprehensible and should carry a health warning 'trying to understand this will be injurious to your mental health'.

"The whole thing could be dismissed as a joke if Helen Clark hadn't made it clear that Jim Anderton will be given some sort of economic role in a Labour-led government. The thought of Mr Anderton meddling in the country's finances is a frightening possibility.

"The worst of it is that whether or not the numbers make sense, there is still $6 billion worth of promises in this budget. A Labour-Alliance government would have to raise more taxes than they plan to now. Everyone who earns more than $200 a week will be paying more.

"The problems with the Alliance budget include:

· The pages at the back of the document headed "National Party Budget" bear no relation to the official figures released in the PREFU. The figures appear to be a fantasy dreamed up by the Alliance.

· Contrary to what might be expected, the new policies outlined in the front of the document don't feed into the budget at the back of the document.

· The Alliance plans to spend $2.7 billion less over three years on unemployment benefits, compared to the official projections, despite a $20 per week raise for beneficiaries by the second year.

· Capital and operating spending is mixed up throughout the document.

· The Alliance plans to collect $2.4 billion less company tax than National over the next three years. Is Mr Anderton planning a company tax rate cut he hasn't told the country about?

· The Alliance plans to collect $4.3 billion more tax from individuals over the next three years than projected in the PREFU. This has to be overly ambitious, given that Labour's tax hikes will raise $2.4 billion and it is likely that people will find ways to avoid Mr Anderson's proposed surcharges.

· Even something as straight forward as New Zealand Super is incomprehensible. How do you explain the following?

NZ Super
2000/01 2001/02 2002/03
PREFU 4,981 5,092 5,273
Alliance version of PREFU 5,400 5,515 5,590
Alliance budget
5,550 5,865 6,095
Alliance less PREFU 569 773 822
Alliance less Alliance version of PREFU 150 350 505
BUT Alliance promise of extra spending 260 310 360

"Today the Alliance says it will complain to the Electoral Commission and the Advertising Complaints Board over National's newspaper advertisements, which state that 'under Labour/Alliance everyone in full-time work will pay more tax.'

"I look forward to them complaining, because the statement is absolutely true. Every New Zealander earning more than $9,500 - $200 a week - will pay more in taxes under a Labour-led government than they will under a National-led government," said Mr English.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Police Authority: Use Of Taser Was Disproportionate And Unjustified

The Independent Police Conduct Authority has found that an officer’s second use of a Taser on a mentally unwell Hokitika man was disproportionate and unjustified. More>>


Gordon Campbell: On Holidays, Hekia Parata And Badlands

Hekia Parata, adieu. Reportedly, she’s been ‘passionate’ about education. She has “bravely’ led the charge on the government’s education reforms. In the past week , many of the postscripts to Hekia Parata’s career as Education Minister have sounded like a schoolteacher desperately trying to find some reason why a D student can be marked up to C minus. More>>


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news