Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


OECD Report Criticises Govt's Economic Direction

OECD Report Criticises Govt's Economic Direction

Thursday 11 Dec 2003 Deborah Coddington Press Releases -- Economy

Finance Minister Dr Michael Cullen's airy dismissal of the latest OECD report on the New Zealand economy, as a `difference of opinion', should not go unchallenged, ACT New Zealand Associate Finance Spokesman Deborah Coddington said today.

"The report pulls its punches, but the general thrust is not favourable to this Labour Government," Miss Coddington said.

"The opening words, where the reforms undertaken by Sir Roger Douglas - and continued by Ruth Richardson - are credited with `underpinning this improved [economic] performance', are at odds with Prime Minister Helen Clark's repeated claims that the economy `marked time' in the 1990s due to `the failed policies of the past'.

"The report then makes recommendations - including tax cuts and the removal of tariffs - needed to lift our living standards. Recommendations Labour is likely to ignore.

"Jim Anderton's interventions are criticised. The Government's three-sector focus - biotechnology, ICT and creative industries - are criticised as `controversial'. This is OECD-speak for foolish.

"In the labour market, the OECD states there is `a clear trend towards greater rigidities and higher costs', and criticises latest plans to change the Employment Relations Act - a blunt message that introducing four weeks' leave `is not consistent with the Government's goal of raising per capita incomes.

"Adding to the litany of criticisms is a condemnation for nationalising Kyoto forestry carbon credits, and a ticking off for Labour's handling of welfare: `It has moved against international trends by relaxing requirements on sole parents to look for work'.

"The OECD's message is clear. If New Zealanders want to take home more money at the end of their working week, then the Government needs to admit its own policies are failing," Miss Coddington said.


For more information visit ACT online at or contact the ACT Parliamentary Office at

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Budget 2022

At base, the political biffo back and forth on the merits of Budget 2022 comes down to only one thing. Who is the better manager of the economy and better steward of social wellbeing – National or Labour? In its own quiet way, the Treasury has buried a fascinating answer to the “who’s best at running an economy during a crisis?” question, at page 57 of the Fiscal Strategy section...


Government: Helps Supermarket Shoppers Get A Fair Deal
Urgent Budget night legislation to stop major supermarkets blocking competitors from accessing land for new stores has been introduced today, Minister of Commerce and Consumer Affairs Dr David Clark said... More>>

Budget 2022: A Secure Future In Difficult Times
Budget 2022 will help build a high wage, low emissions economy that provides greater economic security, while providing support to households affected by cost of living pressures... More>>


Budget: Climate Investments Provide Path To Economic Security
The Government is investing in New Zealand’s economic security by ensuring climate change funding moves away from short-term piecemeal responses and towards smart, long-term investment... More>>


National: Jacqui Dean To Retire From Parliament In 2023

Waitaki MP Jacqui Dean has announced that she will not be seeking re-election at the 2023 election. “I have advised the President and Leader of the National Party that I have decided not to put my name forward... More>>

Classification Office: Following Decision To Ban Manifesto The Buffalo Mass Shooting Livestream Is Now Banned
The livestream video of yesterday’s mass shooting in the United States has now been banned, Acting Chief Censor Rupert Ablett-Hampson announced this morning. The decision follows on from his decision yesterday to call in and ban the ‘manifesto... More>>

Borders: New Zealand Poised To Welcome International Students Back
New Zealand is fully reopening to international students and the Government is committed to help reinvigorate and strengthen the sector, Education Minister Chris Hipkins said today... More>>




InfoPages News Channels