Parliament

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

 

“On/Off Surplus” More like a Flickering Light

14 OCTOBER 2015

“On/Off Surplus” More like a Flickering Light


New Zealand First is questioning National’s economic credentials with its “on then off” Budget Surplus, now apparently on, at $414 million.

“Finance Minister Bill English will be embarrassed when the current surplus he is projecting for 2015/16 becomes a deficit due to El Nino drought and the dairy downturn,” says New Zealand First Deputy Leader Ron Mark.

“The most excited Minister by this surplus will be Minister Brownlee, who can now dream of 41 panda enclosures instead of just two pandas. Yet the serious issue this raises is the utter unreliability of economic forecasting by this government.

“Given that a $372 million surplus last May became a $684m deficit one year later and has now ended up as a $414m surplus, it’s less like landing a 747 on the head of a pin and more like failing to hit the broad side of a barn.

“Only today, Minister Joyce said he wants up to $200 billion in foreign investment in order to boost exports by 2025. Aside from being almost New Zealand’s entire economic output for a year it signals that New Zealand is for sale.

“And what’s the point of exporting if all the profits of this investment is sucked off-shore?

“It further highlights the desperation of this government since it has failed to grow our economy where it matters – exports. Instead, it is trying to outsource exports. No wonder why National wants to change the flag,” says Mr Mark.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The Elusive Charms Of Christopher Luxon


Well, the first 36 hours of viewing the Christopher Luxon selfie were always going to be the best, before the repetitions set in. We get it, already. He’s an extroverted/big ego/high achieving/God fearing/country music lovin’/family man who is not at all averse to mansplaining to little ladies like RNZ’s Kathryn Ryan what “technical” words like “productivity” actually mean. But wait, there’s more. National is back! Mind you, that’s not the Bad National of recent experience, but the Good National of days gone by... More>>




 
 



Cancer Society: Hopes Final Pharmac Report Is Stronger

Today the delayed Interim Report was released by the Pharmac Review Panel. The performance of Pharmac and access to cancer drugs is a major concern for the Cancer Society... More>>


Defence: New Zealand Response To Assist Peace And Stability In Solomon Islands
The New Zealand government has announced that it will deploy Defence Force and Police personnel to Honiara to help restore peace and stability. “New Zealand is committed to its responsibilities and playing its part in upholding regional security,” Prime Minister Jacinda Ardern said.... More>>


Government: Delivers Reactivation Package As Aucklanders Reconnect For Summer
A new support package will help revive economic, social and cultural activities in our largest city over summer, and ensure those in hardship also get relief. The Social Development and Employment Minister Carmel Sepuloni and the Economic and Regional Development Minister Stuart Nash... More>>


National Party: Bridges Appointed Finance & Infrastructure Spokesperson

Hon Simon Bridges is the National Party’s new Finance and Infrastructure spokesperson, National Leader Christopher Luxon announced today. “Simon has prodigious skills, incredible talent and the intellectual heft needed to excel as National’s Finance spokesperson,” Mr Luxon says.... More>>

Waitangi National Trust: Waitangi Week
The Waitangi National Trust has decided there will be no in-person events at Waitangi Treaty Grounds during Waitangi Week 2022. Under the COVID-19 Protection Framework it would be practically impossible to safely proceed with the usual events of Waitangi commemorations... More>>


Freedom Camping: Making Sure People Are Up To Play With Changes
People interested in finding out how the proposed improvements to freedom camping might affect them are being invited to an information-sharing webinar... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels