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

 


Government books show they can afford to do more for jobs

CTU Media Release

6 May 2013

Government books show they can afford to do more to create jobs

“The last financial statements of the government before the Budget show it has room to do more on creating jobs and address New Zealand’s high unemployment rate,” says CTU Economist Bill Rosenberg.

The statements, released this morning for the year to the end of March, show that it is ahead of forecast on tax revenue, expenses, deficit and debt.

“Treasury points out that the main reason for being ahead on tax revenue is not that wage and salary earners are earning more in total, but that more low income people are out of work so the remaining people in work have higher effective tax rates than expected. Similarly, more is coming in from tax on investment income as a result of the booming share market.”

“It’s only fair and well overdue that more was spent on those out of work and in creating more jobs. The Government’s record on unemployment has been very poor. To the extent we see growth in the economy it is largely jobless growth. Currently New Zealand has the fifth highest GDP growth rate in the OECD [according to the OECD], but we have the third worst unemployment rate among the 10 fastest growing economies. Only the US and Estonia are worse, and they have been through much worse times than New Zealand. Many countries growing more slowly than New Zealand have less unemployment: Norway, Luxembourg, Iceland, Korea, Switzerland, Austria, Germany, Japan, and the Netherlands all have lower unemployment rates – but lower GDP growth rates.”

“The government should be putting more money into assisting people when they face unemployment, with more intensive support for finding jobs, retraining and income replacement. It could be expanding enrolments into tertiary education and industry training, and rather than laying public service staff off, giving them other work that self-evidently needs to be done. It should be expanding programmes that give unemployed people jobs doing tasks that are needed in the community, and helping local government to do more too. They have announced some belated improvements to government procurement procedures that may make it easier for local firms to get government contracts, but they could do much more to buy locally. And the government could actively support local industry, especially manufacturing, including by management of the exchange rate,” says Rosenberg.

“We will be looking for initiatives like this in the Budget next week”, he said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Wage Hike For MPs (and Paul Robeson)

Hard to tell what is more infuriating. Is it the 5.3% increase on the already bloated salaries of MPs, or their pantomime of outrage at being gifted with such a wonderful back-dated bonanza?

As usual, Prime Minister John Key has busily tried to distance himself from the political fallout, even though he happens to be the main beneficiary of the Remuneration Authority’s generosity. Finance Minister Bill English says with a straight face that it would actually be very hard to give the money back...

Even if it were true, it would actually be very easy for English and any other guilty colleagues, to give the extra money away. There are any number of food banks or homeless shelters who would be able to put the money to good use. More>>

 

PARLIAMENT TODAY:

No Designers Or Visual Artists: Flag Panel Members Announced

The Government has appointed 12 New Zealanders as members of the Flag Consideration Panel which will engage with the public about a possible new New Zealand flag, Deputy Prime Minister Bill English says. More>>

ALSO:

Labour MP Stands Down From Portfolio: Comment From Carmel Sepuloni

The first I knew of my mother’s charges was when I was called by a reporter yesterday. I spoke to Andrew and we agreed there is a conflict of interest at the present time which means I will temporarily stand aside from the Social Development portfolio. It’s the right thing to do… . More>>

ALSO:

Gordon Campbell: On Whether NZ Troops Are The Least Of Islamic State’s Problems

Given that it has been politically packaged and sold as a training mission, the Iraq deployment announced yesterday by Prime Minister John Key seemed to be mysteriously short of actual trainers... The other wing of the argument is whether a troop deployment is (a) the only effective way and (b) the appropriate time to combat Islamic State. More>>

ALSO:

143 Troops, Possible SAS Deployment, Legalities Unsorted: PM’s Statement On ISIL

Mr Speaker, today I am announcing to the House the Government’s decisions about our contribution to the fight against the Islamic State of Iraq and the Levant, or ISIL... More>>

ALSO:

Liu Saga: PM's Dinner With Controversial Donor

John Key must front up to New Zealand and say what he discussed with Donghua Liu when the disgraced businessman paid $25,000 for the Prime Minister to come to dinner at his Remuera home, the Green Party said today. More>>

ALSO:

Roads: National MP 'Concerned' At Overseas Driver Crashes

Waitaki MP and Parliamentary Private Secretary for Tourism Jacqui Dean said she was concerned at the number of fatal crashes involving overseas licence holders and she really felt that the time had come for more to be done. More>>

ALSO:

Parliament Today: Parole Bill Passes

A bill reducing parole hearings deemed to be unnecessary has passed. The third reading of the Parole Amendment Bill was completed by 104 to 16 with the Greens and Maori Party opposed. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news