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

 

Budget covers the main bases - CTU

MEDIA RELEASE

19 May 2005


Budget covers the main bases - CTU

“This is a Budget which covers all the main bases” CTU president Ross Wilson said today. “But there are some disappointments as well, and include the adequacy of age care funding.”

“It continues a strong spending path on health and education, permanently addresses the bracket creep problem on income tax, introduces an innovative workplace savings scheme, signals some assistance for first home buyers and helps lift the rate of business investment by accelerating depreciation.”

“Unions will welcome the changes in income tax, but the main income issue for workers is the need for higher wages.” Ross Wilson said.

“And, inevitably, the tax changes tend to benefit those on higher incomes. They will get $10 a week extra income whereas the average worker will get $4 a week” he said.

“The KiwiSave scheme is a major innovation. The $1000 lump sum payment will be a real incentive to get into the scheme and the fee subsidy will also assist. The extra payment of $5000 for those in the scheme who buy their first home is also good news for low income workers trying to get together a deposit on their first home.”

“In general terms funding increases in the Budget appear substantial, but there remains a question over their adequacy in some areas once inflation and demographic adjustments across the four years are taken account of.”

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

RBNZ To RNZB: PM's Press Conference

Prime Minister Jacinda Adern was joined by Minister of Finance Grant Robertson and Minister for Children Tracey Martin to announce the appointment of Adrian Orr as the new Governor of the Reserve Bank and the name change of the Ministry for Vulnerable Children to ‘Oranga Tamariki - Ministry for Children’.

Robertson said he and the Cabinet viewed Orr in high regard. Terms will be agreed on his employment after the reserve bank act review. The future governor's pay would be greatly reduced - in the same scale as the most recent governor. More>>

 

'Taming Globalised Capital': Why Is Labour Supporting Investment Rules In WTO?

‘Today, we learned the new government has added New Zealand’s name to a proposal designed to lead to foreign investment rules in the WTO at this week’s ministerial meeting in Argentina,’ said Auckland University Professor Jane Kelsey. More>>

ALSO:

Gordon Campbell: On The Politics Of Scaring Voters Back Into Line

Fear has always been a useful mobilising tool in politics… yet in 2017, bogeymen of all shapes and sizes seem to have fallen on hard times. For years, the National party had painted itself as being the only reliable defensive bastion against the terrifying prospect of a centre-left government… More>>

ALSO:

Gordon Campbell: On Drinking Water As A Failure Of Political Leadership

It is almost possible to feel sorry for the Health Ministry in their terrible, no good, very bad week... More>>

ALSO:

Gordon Campbell: On Saying ‘Work For The Dole,’ Nicely

As New Zealand First learned the hard way from its two previous periods in government, small parties in MMP coalitions get blamed for the unpopular stuff done by their senior partner in power, but no one remembers the good stuff the junior player brought to the table... More>>

ALSO:

Seismic Blasting: Greenpeace Launches Legal Challenge Against Amazon Warrior

A legal challenge against the world’s largest seismic oil exploration ship was launched at a public rally on Parliament Lawn. More>>

ALSO:

Tertiary: 80,000 People Eligible For Fees Free

The Government has today made good on its 100-day promise of delivering the first year of fees-free post school training and education and industry training from 1 January next year, says Education Minister Chris Hipkins. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages