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

 


Ambition for NZ's economic success lost

Media Statement Thursday, May 15th, 2003

Ambition for NZ's economic success lost: Budget reaction

Providing subsidies to make it easier for small business to pay their tax is not what we had in mind when we advocated a fiscally neutral lower company tax rate, the Employers & Manufacturers Association (Northern) says in reaction to today's Budget.

The Budget won't let private enterprise unleash its latent forces of wealth and job creation, the association says.

"The Budget abandons economic transformation and the growth of the economy as the primary goals for New Zealand," said Alasdair Thompson, EMA's chief executive.

"It demonstrates Government has given up on getting New Zealand back into the top half of the OECD.

"Government believes it can maintain spending on health and welfare programmes without growth. But if it were committed to economic innovation and growth as Dr Cullen says it is, business would expect to see the evidence in imaginative and bold new policies, and through maximising private sector participation.

"More tax funded spending doesn't cut the mustard.

"We can't see how Dr Cullen can claim Government policies and budgets are responsible for the relatively strong growth of the economy over the past three years. The evidence is to the contrary with Government constantly adding to business costs.

"There's nothing in the Budget to get our rundown infrastructure like roads and electricity supply working better.

"If growth were the focus, much of extra band-aid spending on health and welfare would not be required.

"Instead we have seen health and welfare taking an ever greater chunk of an economy that's rapidly slowing.

"In fact the Budget's growth projections for the next decade are much less at just over 2% a year than for the past decade of 3.5% a year.

"Of course the wide number of new investments in education, and research and development are welcome, but business was hoping for structural policy developments that would give real impetus to growth.

"The Budget shows the Government has lost its sense of ambition for New Zealand's economic success."


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

More Justice & Corrections

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news