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


Budget Statement 2002

Media release 23 May 2002

Budget Statement 2002

Business NZ Executive Director Anne Knowles says today's fiscally prudent 'no surprises' Budget approach is welcome.

"The Government, like any business, must ensure its expenditure matches its income, and it's clear the Government is approaching this in a businesslike fashion," Ms Knowles said.

"Placing industry training funding on the same footing as the rest of tertiary funding is a crucial shift, as is doubling the number of apprentices. Equally significant is the focus on assisting beneficiaries into the workforce, with a particular focus on people with disabilities.

"Business NZ has been concerned that regional initiatives might focus solely on 'picking winners', so the broadband initiatives, underpinning wider regional growth, are also welcome.

"The reduction in public debt since 1999 from 36.8% of GDP to 28.6% of GDP is applauded.

"Unfortunately, surpluses over coming years will not help continue this prudent reduction, but will instead be channelled primarily into the Government's superannuation scheme, thereby inhibiting New Zealand's economic growth.

"Government spending as a proportion of GDP, at 33%, is still too high, locking us into corporate tax rates that make us uncompetitive with those in the Asia-Pacific region with whom we compete for investment - a better proportion would be less than 30%.

"Ultimately, government spending is not going to be the key to improved growth performance. Government must positively and speedily address the factors that will set us on the path to higher economic growth."

Contact: Anne Knowles 04 4966555 or 021 425868 or for more information contact Kathryn Asare 021 555744

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

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>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news