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


Budget 2011 ‘Boring in a Positive Way'

19 May 2011

Budget 2011 ‘Boring in a Positive Way’

Federated Farmers has welcomed the complete lack of electoral lollies in Budget 2011 as well as the track towards a balanced budget by 2015

“It is refreshing to have a Budget promoted as being a zero-sum game that delivers on that promise,” says Philip York, Federated Farmers economics and commerce spokesperson.

“This budget was boring, but I mean that as a compliment. For far too long, Budgets have bribed the electorate with its own money, but here we have a sea-change. There are no electoral lollies or surprises and that’s a positive.

“Overall, the Budget is a move in the right direction and it is broadly consistent with Federated Farmers advocacy.

“We have called for Government spending to be capped and reduced over time to 30 percent of Gross Domestic Product. We have further suggested changes to KiwiSaver, Working for Families and Student Loans in order to help achieve the goal of a balanced budget.

“If anyone thinks we can tax our way to economic prosperity, by way of a Land Tax or a Capital Gains Tax, they need to have their head read. Prosperity comes by selling goods and services globally and in this respect, New Zealand is an agricultural and tourism super power.

“Accordingly, Federated Farmers welcomes the focus on value for money, of which, the impending formation of a ministry for primary industries is a tangible example.

“There’s been a radical and refreshing change in Government to support agribusiness with its commitment to water storage.

“While this Budget is a modest step forward, it is a step in the right direction. It will help prevent us becoming an Ireland in the South Pacific.

“That said, if the tempo of reform is not quickened in future years, we will continue a long, slow grind as the economy recovers,” Mr York concluded.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Cyclone Gita: Metservice Forecasts Gita To Impact New Zealand - Be Prepared

Cyclone Gita is expected to approach New Zealand from the northwest early next week. There remains some uncertainty with regards to the speed and track of Gita, but the passage of this system across New Zealand on Tuesday and Wednesday is likely to bring a period of highly impactful severe weather.

People should be aware of the potential for coastal inundation, especially where high waves,low atmospheric pressure and strong onshore winds come together ... More>>




Commerce, Etc: Thicker Bright Line For Real Estate

Revenue Minister Stuart Nash has confirmed the bright-line test on residential property sales will be extended from two years to five years in legislation currently making its way through Parliament.More>>


Prison Inspections: Reports on Manawatu and Paremoremo Released

The Office of the Inspectorate today released reports into Manawatu Prison and Auckland Prison (Paremoremo), the first two resulting from a programme of inspections of New Zealand prisons. More>>

Gordon Campbell: On National’s Leadership Contest

National needs a new leader able to: (a) compete with, undermine and defeat a currently popular and politically adept Prime Minister; (b) define whether National now sees itself as being a traditional conservative party or a modern neo-liberal one; (c) devise a strategy that addresses National’s chronic lack of a viable coalition partner More>>


Whistle Blowers: Government To Review Law On Protection

Work has begun on a review of the Protected Disclosures Act 2000, Minister of State Services Chris Hipkins said today. More>>


Christchurch: PM Launches 100% Electric Car Share Offering

The Southern Hemisphere’s biggest deployment of pure battery electric cars and largest pure EV car sharing model was officially launched in Christchurch today by Prime Minister Jacinda Ardern. More>>


Carer Pay Equity: Mental Health And Addiction Workers To Be Included

Dr Clark met yesterday with unions and employers to confirm the Government has agreed to negotiate an agreement to extend the Care and Support Pay Equity Settlement to mental health and addiction support workers. More>>


Hybrid Plan: America’s Cup Village Proposal Released

The proposal incorporates elements of the Wynyard Basin option, agreed by the council in December and publicly notified last month, and the Wynyard Point variant explored by the Government. More>>


Sallies' State of the Nation: Poorest Left Behind in Economic Boom

This year’s report shows that for many New Zealanders incomes have hardly moved, welfare needs have increased and rents are rising faster than incomes. This comes despite more jobs being created and GDP rising... More>>





Featured InfoPages