National welcomes S&P comments

National Party Finance spokesman Bill English welcomed Standard and Poor’s positive outlook for New Zealand's credit rating.

Sandard & Poor’s report specifically says ‘ongoing fiscal discipline is likely to remain the norm, even if there is a change of government at the upcoming election’.

“National welcomes the endorsement of our economic credentials.”

“During the weekend John Key outlined National’s plan to increase investment in infrastructure, partly financed with a modest increase in government borrowing.

“The Standard and Poor’s outlook directly contradicts Labour’s campaign to make our plan sound risky.

“Our programme to cap debt at 22% of GDP is one of the lowest in the developed world. It’s a prudent and conservative debt target.

“Now the economy is in recession it’s vital we plan ahead to lift our economic prospects so that people who are hurting now have some hope.”

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