Parliament

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

 

Funding confirmed for Productivity Commission

Hon Rodney Hide

Minister for Regulatory Reform

20 May 2010

Funding confirmed for Productivity Commission

The Government’s new Productivity Commission will boost New Zealand’s economic performance and provide a steady stream of independent policy advice, Regulatory Reform Minister Rodney Hide says.

The Budget confirms the Government will provide $2.4 million in 2010/11 for the Productivity Commission - $1.85 million operating spending and $500,000 capital spending – and rising to $5 million by 2012/13.

The Commission is funded through contributions from reprioritising money from within existing budgets of 29 Government agencies. The most significant contributions come from Treasury, the Department of Labour and the Ministry of Economic Development

“No extra money will be called upon to fund the Commission and its activities,” Mr Hide says.

The Commission is to be set up early next year as part of the ACT Party’s confidence and supply agreement with National. It is designed to help boost New Zealand’s economic performance across the public and private sectors.

It will provide independent policy advice based on sound research and engagement with the community. As well as undertaking and publishing its own research, it will promote public understanding of matters relating to productivity.

“Productivity is the biggest determinant of wages and living standards and is critical to closing the income gap with Australia,” Mr Hide says.

“This income gap is one of the main reasons we lose so many talented, hard-working New Zealanders every year. The Government is committed to taking a number of steps to close the gap with Australia. Establishing the Commission is one concrete step towards arresting New Zealand’s productivity slide.”

It will be an Independent Crown Entity headed by three or four Commissioners, with about 20 staff. It will cooperate with its Australian counterpart, the Australian Productivity Commission, on matters of mutual interest.

The Commission’s primary functions include:

• Inquiries into productivity-related matters and reporting back to Ministers.

• One-off reviews of existing regulations.

• Reviews of the efficiency and effectiveness of regulatory agencies.

• Regulatory impact analysis of some proposed new regulations.

• Research into productivity-related matters to build up its institutional knowledge

• Promote public understanding of productivity-related issues.

“This is yet another step on the path to boosting New Zealand’s productivity, raising our standards of living and ensuring a brighter future for all Kiwis,” Mr Hide says.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Madrid Climate Talks: Decade Ending 2019 Likely To Be Hottest On Record

Exceptional global heat driven by greenhouse gas emissions mean this decade will most likely go down as the warmest on record, according to the World Meteorological Organization...

The agency also finds that 2019 is on track to be the second or third warmest year in history, with the global average temperature during January through October, roughly 1.1 degrees Celsius above the pre-industrial era.

“If we do not take urgent climate action now, then we are heading for a temperature increase of more than 3°C by the end of the century, with ever more harmful impacts on human wellbeing.” More>>

 

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:

Gordon Campbell: On Stoking Fears About Cannabis Law Reform

It was always going to be hard to have a rational debate on cannabis reform. Far easier for politicians to win votes by stoking alarm... More>>

ALSO:

Tūhoronuku Mandate Recognition Ends: "New Opportunity" For Ngāpuhi Treaty Negotiations

The Crown is providing an opportunity for the hapu of Ngāpuhi to rebuild its framework from the ground up for collective negotiations to deal with its historical Treaty claims... More>>

ALSO:

Pike River: Next Phase Of Recovery Underway

“Fresh air will be pumped into the Pike River Mine drift this week, following acceptance of the plan for re-entry beyond the 170m barrier by New Zealand’s independent health and safety regulator WorkSafe." More>>

ALSO:

Peters Stoic: Russia On Afghan Firing Range Deaths

The foreign minister won't be calling in the Russian ambassador concerning comments made about New Zealand soldiers in Afghanistan. In a media briefing late last month, Russian Foreign Ministry spokesperson Maria Zakharova said New Zealand must investigate crimes against civilians. More>>

ALSO:

Christchurch Call: Online Crisis Response Workshop In Wellington

Governments and tech companies are holding a two-day workshop, hosted by YouTube/Google in Wellington, to test the Christchurch Call Shared Crisis Response Protocol. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels