Parliament

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

 

Cullen's Supersize Me surplus

John Key MP National Party Finance Spokesman

18 May 2006

Cullen's Supersize Me surplus

The Budget today confirms what New Zealanders already know - that Michael Cullen is sitting on a Supersize Me surplus, says National Finance spokesman John Key.

An $8.5 billion surplus is forecast for the 2005-06 year.

"He does not even have the decency to chuck the public a Chicken McNugget," says Mr Key. "Kiwis should dismiss Michael Cullen's protestations that the surplus is not real.

"We have all come to learn the Labour strategy that portrays the surplus as not a a surplus unless it's election year.

"So, in the runup to the 2005 election, we had big-spending promises to be funded from the surplus Dr Cullen was saying wasn't there to spend.

"The stark reality is that the short-term outlook for growth is bleak. This Budget's lack of action will only ensure the wage gap with Australia widens and more Kiwis consider leaving.

"The clock is ticking for our economy if we are to remain competitive with other First World countries.

"Substantial tax cuts are a major step down the road of driving up our sustainable growth rate.

"This Budget is about fancy headings like 'national identity' which are just spin and are designed to mask tired, old policies."

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

PM's Statement: Deadly Eruption Of Whakaari / White Island

At this stage, we can confirm that amongst those currently listed as missing or injured are New Zealanders who were part of the tour operation, and tourists from Australia, the United States, the United Kingdom, China and Malaysia. That is to the best of our knowledge.

To those who have lost or are missing family and friends, we share in your unfathomable grief at this moment in time, and in your sorrow. Your loved ones stood alongside kiwis who were hosting you here. We grieve with you, and we grieve with them... More>>

Police Update: Five Confirmed Dead - Eight People Unaccounted For
Work has continued overnight to respond to the eruption on White Island. Enquiries with tour operators indicate that 47 people were on White Island at the time of the eruption. Police can now advise that in addition to the five people confirmed deceased, eight people remain unaccounted for following the eruption. More>>

Gordon Campbell: On The Eruption And Tourism Safety
Adventure tourism is a central theme in New Zealand tourism, and by definition, adventure always includes a certain level of risk. That said, New Zealand itself is also at risk of being seen as a tourism destination where commercial factors – rather than safety factors – are routinely allowed to determine the point where the boundary line of acceptable risk is being drawn. More>>

 

Big, Bold, Permanent Change Needed: Children's Commissioner On 2019 Child Poverty Monitor

“I want to see family incomes dramatically raised by increasing benefits and making the minimum wage a living wage. And the Government needs to move much faster at increasing the supply of social housing..." More>>

ALSO:

RNZ Live Updates: Weather Mayhem Strands Tourists; Major Roads Closed

Hundreds of tourists are stranded on the West Coast, and on the other side of the South Island a flood-damaged bridge has closed State Highway 1, after a weekend of torrential rain... More>>

ALSO:

Policing: Armoured Specialist Police Vehicles

New Zealand Police has taken delivery of three Armoured Special Purpose Vehicles. The vehicles are unmarked and look like standard Toyota Land cruisers... They will not be used for patrol. More>>

Single Use PVC And Polystyrene Out: Next Steps On Plastic Waste

The Government will phase out more single-use plastics following the success of its single-use plastic bag ban earlier this year and the release today of a pivotal report for dealing with waste. More>>

ALSO:

Faafoi Statement: Minister's Suspicious Immigration Texts

I have apologised to the Prime Minister and understand I have let her down in regards to my dealings with Jason Kerrison over an immigration matter concerning his family. More>>

ALSO:

NZ First Conflicts Of Interest: New Details Around Timeline

New information has emerged showing it was the New Zealand First chief of staff who identified potential conflicts of interest between a forestry company and two senior government ministers, sparking a series of declarations. More>>

Earlier:

Donations:

Five New Cancer Meds In Six Months: Pharmac Funds More Cancer Medicines, Faster Assessment

PHARMAC has confirmed that two new medicines – olaparib for ovarian cancer and fulvestrant for breast cancer – have been approved for funding... Rituximab and bortezomib, which are already funded, have also been approved for widened access following successful commercial proposals from new suppliers. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels