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


Out-going Government delivers strong economy

Crown accounts released today confirmed that the out-going Government had delivered a strongly growing economy and left the Government books in good shape, Treasurer Bill English said today.

"The Government Financial Statements for the four months to October 31, released today by the Treasury, show an operating surplus of $258 million compared with the $169 million deficit forecast by Treasury in its pre-election update. The gains are mainly due to timing differences. Crown debt has been reduced to $22.693 billion against a forecast of $23.166 billion.

"The Bank of New Zealand is predicting today that growth in the third quarter will prove, when the figures finally come through, to be 2% or even higher. That prediction is well ahead of the Reserve Bank's most recent forecast, made last month, of 1.3% for the quarter.

"The out-going Government has made a contribution of exceptional quality to our prosperity in the years ahead.

"This is the best set of books an incoming government has seen for 25 years, and contrasts sharply with the shambles left behind in 1990.

"A huge responsibility rests on the new Government not to fritter away the gains achieved in the last nine years. The business community will be watching its performance with interest and some anxiety during coming months.

"Labour's plans to increase taxes, spend more and change terms of employment may reduce the rate of job growth otherwise likely to occur. And early signs of expenditure creep from already high proposed levels will be a risk for the new coalition," said Mr English.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news