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

 

John Whitehead Speech to Auckland businesspeople

15 December 2008


MEDIA ADVISORY

Immediate Release



John Whitehead Speech to Auckland businesspeople

Treasury Secretary John Whitehead has this afternoon spoken to a group of Auckland businesspeople about the international financial crisis and its impact on New Zealand.

The speech covers the causes of the financial crisis, its impact on world economies, international policy responses and the likely consequences still to be seen domestically and internationally. It provides context for the release of the Government’s Budget Policy statement and the latest economic and fiscal forecasts on Thursday.


In summary the speech says that while New Zealand is facing economic challenges and an uncertain global environment, it is better placed than many countries to deal with these issues. Our economic framework provides the flexibility to deal with shocks – for example our low government debt levels give us room to take actions that other countries would find more difficult. Longer term, the impact of changes in asset and credit prices should help with structural imbalances in the economy. If the right policy responses are made New Zealand’s future prospects are still bright. A challenge for policy through the longer term is to continue to ensure New Zealand's reputation for fiscal responsibility.


It is available on the Treasury website at: http://www.treasury.govt.nz/publications/media-speeches/speeches/globalcrisis


ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice.

Evidently, the National government is similarly desperate for anything that might discredit or derail the Ardern juggernaut, even if that means throwing Internal Affairs Minister Peter Dunne under a bus More>>

 

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

Mental Health Foundation: 'Positive First Steps'

“The heavy reliance on pilots and targeted approaches in the package announced today makes it plain that additional funding will be needed so that activities that work can be made available throughout New Zealand,” says Mr Robinson. More>>

ALSO:

'Gift' To NZ: Synod Considers Third Christchurch Cathedral Option

Members of the Anglican Diocese of Christchurch will consider three, not two, options regarding the future of the ChristChurch Cathedral... The new option is for the Synod to gift the Cathedral building to the Government for the people of New Zealand. More>>

ALSO:

PM's Presser: Labour's Water Policy 'Reckless', Says English

The Labour Party has "bumbled into" its policy to charge for water in a "reckless" way that would put a Labour-led government on a collision course with both Maori and other water users, Prime Minister Bill English said at his weekly post-Cabinet press conference.. More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election