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


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Minister of Finance: Plan Shows $100 Billion Infrastructure Projects

Finance Minister Bill English has today launched the Government’s Ten Year Capital Intentions Plan (CIP) which shows a pipeline of $100.9 billion worth of infrastructure projects over the next decade. More>>


Werewolf: Safe Landings Gordon Campbell on the safety challenge to the Wellington runway extension.

The safety-related legal challenge revolves around the size of the 90 metre long Runway End Safety Area (RESA) being proposed for the runway extension. More>>


Environment Commissioner: We Need To Work Together On Climate Change And Farming

“The debate around agricultural emissions and the ETS has been polarised for too long,” said the Commissioner. “But the ETS is not the only way forward – there are other things that can be done.” More>>


NZ Super Fund: Seeking To Put A Market Price On Climate Change

Oct. 19 (BusinessDesk) - The New Zealand Superannuation Fund says it will devise a set of rules to assess investment winners and losers under climate change, a strategy that could rule out fossil fuels or producers such as current portfolio member Exxon ... More>>


Rejuvenation: Parata Will Not Contest 2017 Election

Education Minister and National List MP Hekia Parata has today announced that she will not be contesting the next election. She advised the Prime Minister of her decision earlier this year. More>>

Prisons Grow: Government Approves Plans For Increased Prison Capacity

Despite significant progress in reducing crime the number of prisoners has increased faster than projected. This is because the proportion of offenders charged with serious crimes has risen, meaning more people are being remanded in custody and serving more of their sentences in prison. More>>


Gordon Campbell: On Plastic Bag Activism, And Street Harassment

Amusing to see the Act Party experiencing another outbreak of young fogey-ism. What has aroused the ire of Act Leader David Seymour this time is the introduction of a Greens private members bill to the ballot process, calling for a 15 cents levy on plastic bags to reduce pollution. More>>


Unclear Weapons: US Navy Ship Cleared To Visit NZ For Navy's 75th

United States Navy ship, the USS Sampson, has been given clearance to visit New Zealand next month by Prime Minister John Key... “The process for considering the visit by the USS Sampson is the same as that used for all ships attending the International Naval Review." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news