Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Budget dislocated from economic growth

Budget dislocated from economic growth - Employers' Federation

The NZ Employers' Federation says today's Budget seems dislocated from the issue of economic growth.

"No doubt the Government has the intention of facilitating economic growth, but it is unlikely that this Budget's numerous widely-spread projects will achieve that objective," Employers' Federation policy manager John Pask said today.

Mr Pask said while funding for research and development will help a number of individual employers, it will not encourage business growth generally.

"Employers basically need a lower tax rate so they can invest in their businesses, hire more people and grow New Zealand's economy. Instead, the increased Budget spending is paid for by increased tax.

"Employers also need a lessening of the current regulatory burden to remain internationally competitive," Mr Pask said.

"Practical support for structured industry training, including Modern Apprenticeships, and for the difficult area of school-to-work transition will be welcomed by employers.

"However, it is clear that the costs of other policies such as reunionising the workplace and renationalising ACC have not been taken into account in this Budget."

Mr Pask said Budget growth projections were not high enough to ensure a reduction in unemployment, given the Treasury's projections show unemployment staying approximately at current levels until 2004.

"There is a concern also about the inconsistency of wanting to increase the capacity of the country's human capital, while at the same time tying people to an outdated social welfare approach like the Budget's state housing provisions."


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Our Military Roles In Iraq & Afghanistan

The politics of the deployment extension have degenerated into a slanging match about whether the previous National government was right or wrong to make the initial commitment to Iraq – and whether the extension is a responsible thing given our joint training role in Iraq with Australia, or is hypocritical in the light of prior statements made by a previous Labour leader etc. etc. etc.

As usual, the benefit – or otherwise – of our military presence to the people on the receiving end has barely had a look in. More>>


Commissioner To Be Appointed: Govt To Dismiss Board Of Whitireia And WelTec

Education Minister Chris Hipkins has made a preliminary decision to appoint a Commissioner to Whitireia and WelTec to address the two polytechnics’ financial woes. More>>


Open Government Action Plan: Government To Proactively Release Cabinet Papers

The Cabinet papers will be released no later than 30 business days after a Cabinet decision. This process will be in place for Cabinet papers lodged from 1 January 2019... More>>


NZ Initiative: Evidence Of "Huge" Government Waste

It is not so much that spending is being literally wasted. Rather the best performing countries are achieving much better outcomes relative to their spending. More>>


Gordon Campbell: On The Ardern Pep Talk

The intolerance being shown as the coalition process unfolds in New Zealand betrays our depressing appetite for a tidily totalitarian style of government where everyone is expected to march in lockstep. More>>


Last Two: All Charter Schools To Join State System

The decisions on Tūranga Tangata Rite in Gisborne and Waatea School in Auckland mean that all 12 charter schools that applied to become designated character or state integrated schools have now been approved. More>>





InfoPages News Channels