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

 


Labour-Greens combined spending promises pass $28bn

Hon Steven Joyce
National Party Associate Finance spokesman

18 August 2014

Labour-Greens combined spending promises pass $28bn

Less than five weeks out from the election, the Labour-Greens set of combined spending promises for the upcoming election has now hit a whopping $28.1 billion over four years, National’s Associate Finance spokesperson Steven Joyce says.

“The Labour Party's new spending commitments hit $17.9 billion over four years last week, and with the extra welfare money announced yesterday, the Greens' extra commitments have now reached $10.2 billion over four years,” Mr Joyce says.

“It's now even more apparent that the big spenders on the Left are flat out thinking of new ways of spending money that the country doesn't have.

“Labour and the Greens will, of course, both tell you it’s all fully costed and so on. What they mean is they'd raise taxes and set up a number of new taxes, and if all that fails, borrow a lot more money to meet their commitments.

“Labour will also tell you they haven't bought into the Greens’ announcements yet. However that flies in the face of the reality that any Labour-led government would have the Greens holding the whip hand – and that means the Greens big-ticket spending pledges in areas like transport and welfare benefit increases.

“Labour now needs to front up and say which of the Greens promises, if any, they don't support.”

Mr Joyce says Labour and the Greens are completely out of touch with fiscal reality in this election.

“They propose, if elected, to go back immediately to their big spending ways by placing a massive additional burden on Kiwi taxpayers. They haven't learnt a thing from their six years in opposition,” Mr Joyce says.

“New Zealand is now heading in the right direction with growing economic momentum. We are now one of the fastest growing economies in the OECD, and we need to lock in that faster growth to further lift New Zealanders' standard of living.

“The Labour-Greens swag of massive election promises would simply bring New Zealand to a grinding halt again and send all taxpayers a very big bill.”

For further information:
Green Party Election 2014 Spending Announcements - as at 17 August 2014
Labour Party Election 2014 Spending Announcements - as at 11 August 2014

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Royals: The Prince Of Wales And Duchess Of Cornwall To Visit

Prime Minister John Key welcomes today’s announcement that the Prince of Wales and The Duchess of Cornwall will visit New Zealand in November. This will be the second joint visit for Their Royal Highnesses to New Zealand. More>>

ALSO:

Tracey Martin Replaced: Ron Mark Is New New Zealand First Deputy Leader

Clayton Mitchell was the successful candidate for the Associate Whip position. Winston Peters was re-elected as Leader by the Caucus. Ron Mark was elected as the Deputy Leader with effect from 10am, Friday, 3rd July. More>>

ALSO:

Rebuild Rebrand: "Regenerate Christchurch" To Replace CERA

The regeneration of Christchurch will be the city’s focus for the next five years as local leadership progressively takes control of the rebuild, Canterbury Earthquake Recovery Minister Gerry Brownlee says. More>>

ALSO:

Nauru: Scholars Urge Minister To Act On Deteriorating Democracy

“Since the 2013 election in Nauru, there has been a series of disturbing developments on the islands that indicate a severe deterioration in the state of its parliamentary democracy and in the rule of law,” say the scholars. More>>

ALSO:

Foreign Affairs: NZ Begins Presidency Of UN Security Council

Prime Minister John Key has welcomed the start of New Zealand’s month-long Presidency of the United Nations Security Council in New York. More>>

ALSO:

Labour: Cash For Charter Schools, Mould For State Schools

“Recently released financial statements show the Whangarei charter school He Puna Marama received $3.9 million in government funding to the end of last year. Yet their audited accounts show they only spent $1.4 million on education, leaving almost $2.5 million over two years unaccounted for." More>>

ALSO:

Kiwirail Plans Shift From Electric: National Urged Not To Take Backwards Step

The National Government shouldn’t drag New Zealand backwards by replacing its climate friendly electric trains with carbon-polluting diesel trains, the Green Party said today. More>>

ALSO:

Capital Connection:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news