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

 

New Zealand economy in indisputably tidy shape

16 May 2014

New Zealand economy in indisputably tidy shape
[Reaction on Budget from Sunil Kaushal, Chair, INZBC]

Hon Bill English's message that the government has managed to guide the country through global financial and major local natural disasters in the last six years and the economy is in tidy shape at the end of that period needs to be applauded.

While the ‘Family Budget’ did not come as a surprise to many, economic growth is forecast to peak at a robust 4 percent in the year to June 2014, unemployment is forecast to fall to 4.4 percent by 2018 with very high rates of labour force participation by international standards, inflation remains under control, and government debt falls below 20 percent by the end of the decade.

Comparing the budget with other developed world economies, and particularly our neighbours Australia, this budget shows the New Zealand economy in indisputably tidy shape. This may be one of the reasons why the net immigration flow is very high by historic standards where by more Kiwis are staying aground rather than moving across the ditch to not so greener pastures now. This may be the reason why the government has focused on the domestic growth.

The strong Kiwi dollar has certainly not helped the exporters, it is also fair to say that this is the reason for the export receipts which are in negative in the budget forecast and a minimal surplus has also not helped the cause.

About INZBC
Since 1988, the India New Zealand Business Council (INZBC) has promoted and encouraged trade in goods and services, investment, scientific, technical and economic cooperation between India and New Zealand. INZBC is a member-based independent organisation, not-for-profit incorporated society, which exists for three purposes:
• To lobby and inform government on trade-related matters
• To disseminate information and know-how on doing business between the two countries
• To facilitate business development on behalf of members through leveraging networks

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Max Rashbrooke: On How To Make Government
More Open

It’s true that New Zealand scores well on many international rankings of openness... Those findings are all important, and welcome. But we cannot ignore the fact that there are still serious problems.

For a start, those international surveys, while often complimentary, have also pinpointed major weaknesses: political donations are badly regulated, for instance, and appointments to government boards frequently go to those with strong political connections. More>>

 
 

In Court: Hamilton Student's Lawsuit Over Climate Change Policy

A law student from Hamilton is preparing to challenge the Government in the High Court on Monday over what she says is a “failure” to properly address climate change. More>>

ALSO:

Gordon Campbell: On The Fallout From The Barclay Tape

This is hardly a case of cleaning out your desk and being turfed out onto the pavement. As others have pointed out, the disgraced Clutha-Southland MP will remain on the public payroll for three months until the election, and for three months afterwards. More>>

ALSO:

Visions: National Party Conference

National Party leader Bill English today outlined his vision to take New Zealand into the 2020s and his key priorities for the next Parliamentary term – including further raising incomes and reducing taxes. More>>

ALSO:

Ombudsman: Canterbury Schools Reorganisation Mishandled

An investigation into the Canterbury schools reorganisation after the February 2011 earthquakes has found significant gaps and flaws in the Ministry’s engagement and communications with schools and communities. More>>

ALSO:

Law Commission: Contempt Report "Protects Right To Fair Trial"

The proposed Act limits what news media representatives and bloggers can report on court proceedings, but it also makes clearer than the current law where the line is between contempt and freedom of expression. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog