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

 

Surplus Allows For More Government Spending


Surplus Allows For More Government Spending

The Council of Trade Unions is calling on Government to spend more of the larger than expected fiscal surplus on social development.

“Tomorrow’s fiscal update will announce that Government debt is $5 billion below target and more than $1 billion below forecast,” said CTU president Ross Wilson.

“These are very good results and the size of the surplus means there is room for more quality expenditure,” he said.

“The CTU acknowledges that Government wants to be fiscally responsible and could be reluctant to add to baseline spending which would be hard to maintain when revenue falls,” Ross Wilson said. “Nor would it want to over-stimulate the economy.

“But those concerns can be addressed by directing some of the surplus to social development projects that are for a fixed period,” he said.

“Child poverty, literacy and skill development are areas where there is a real need for social investment.

“Quality projects in these areas could be of real social and economic benefit.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice.

Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted, at considerable cost and emotional distress. Some people had lost their possessions in trying to meet the expense of the upheaval.

Not everyone felt so compassionate. More>>

 

Maybe, Over Thirty Years: Oil Ban Could Cost Govt $7.9B

The government's proposed ban on new offshore oil and gas exploration permits may cost the country $7.9 billion in revenue foregone between now and 2050, the Ministry of Business, Innovation and Employment says. More>>

ALSO:

Multimedia & Transcript: Acting PM's Press Conference

Winston Peters, Acting Prime Minister while Jacinda Ardern is in New York for the UN Leaders' Week, held a short press conference Monday after chairing this week's cabinet meeting. More>>

ALSO:

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says. Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders. More>>

ALSO:

Pay Equity: Cabinet Funds Deal For Oranga Tamariki Social Workers

The Minister said that an agreement in principle has been reached between Oranga Tamariki and the PSA on a settlement worth $114.6m over five years. More>>

ALSO:

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels