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

 


Budget generous, certain to stimulate growth

Budget generous, certain to stimulate growth

The Budget will be good for business, the Employers and Manufacturers Association says.

"The extra funds freed up for families to spend will help stimulate the economy and boost business," said Kim Campbell, EMA's chief executive.

"The cuts to ACC, and health related costs will add to their disposable incomes available for spending.

"Right now we seem a world away from Australia and their Budget.

"If anything ours is slightly over generous. We wouldn't want the surplus spent before it has been banked.

"But its pleasing to see the government reaching the goal it made several years ago by returning its accounts to a surplus.

"We are also pleased with the additional funding for exporting delivered to NZTE as previously announced, and the additional commitment to science and innovation.

"We're particularly gratified to see the new measures allowing the write off of losses made by start-up companies before they become profitable.

"Likewise, for allowing the expensing of R&D that does not result in marketable products and services.

"These long overdue measures on their own could well result in a highly desirable pick up in private sector investment in R&D and innovation. The government is to be applauded for introducing them.

"We commend too the extra funding for Auckland transport to be delivered by way of interest free loans. This will allow an earlier start and faster progress on vital land transport projects."

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell:
On Anne Tolley’s
Callous Folly

Years ago, I remember someone in the Heath Ministry telling me off the record that regulatory oversight in this country largely consisted in ‘waiting for something to turn green or fall off somebody’ before the authorities would swing into action...

Last week’s conflict between Social Development Minister Anne Tolley and District Court judge Carolyn Henwood illustrated quite a few of the flaws in the system. More>>

 

Members’ Bills: Greens' Domestic Violence And Loans Bills Pulled From Ballot

Jan Logie’s Domestic Violence-Victims' Protection Bill introduces workplace protections for victims of domestic violence, including allowing victims to request paid domestic violence leave for up to 10 days... Gareth Hughes’ Bill allows Kiwis with student loans to defer their student loan repayments into a first home savings scheme. More>>

ALSO:

IPCA: Police Did Not 'Deliberately' Use Pepper Spray On 10-Year-Old

"When spraying the man, the officer did not properly consider the necessity of using pepper spray in a confined space, the likelihood that it would affect the other innocent passengers or the fact that he was using a more powerful spray." More>>

ALSO:

Donor Bill Passes: Full Income Compensation For Live Organ Donors

Unanimous cross-party support for the Compensation for Live Organ Donors Bill represents a critical step in reducing the burgeoning waiting list for kidney donations, according to Kidney Health New Zealand chief executive Max Reid. More>>

ALSO:

Earthquake Response: Emergency Legislation Prepared

Three new Bills have been drafted in the wake of the magnitude 7.8 earthquake on November 14 to ensure the government can enable affected communities to respond quickly and efficiently. More>>

ALSO:

Housing MPs: New Building(s) For Parliament

A new building will be erected on Parliament grounds to house Members of Parliament and their staff who currently work in leased accommodation in Bowen House. The plan has cross-Party support, apart from NZ First, said Parliament’s Speaker, Rt Hon David Carter. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news