Policies to push saving and exports
NOW the New Year is well under way I hope you enjoyed the Christmas break with friends and family. Since the 2008 election, we’ve had a wideranging six-point programme to get faster growth and create higher-paying jobs and wean the economy off borrowing, consumption and Government spending.
Our first challenge was to get through the recession in reasonable shape and turn around the appalling forecasts we inherited – never-ending deficits and ever-increasing debt. We’ve done that. And we’ve maintained superannuation, working for families and benefits.
The next step has been building policies to encourage savings, investment and exports. For example, our taxcut package, our ambitious infrastructure programme and better frontline public services.
The Government tax package improves incentives to work and save and tilts the economy away from consumption and borrowing. We reformed employment law, extending the 90-day trial period for new employees to all businesses. We put in place electricity reforms to improve retail competition and increase security of supply. These are just a few of the major changes we have introduced to drive economic growth.
Events of the past six months – particularly the Canterbury earthquake and slower than expected domestic recovery – have hit the Government’s books. But New Zealand’s economic growth is expected to improve over the next few years and the books are forecast to be back to surplus by 2016.
New Zealand has done pretty well compared with other countries – look at the challenges in Britain, Ireland, Spain and the United States, where they’re facing huge spending cuts, tax increases, and soaring unemployment.
All of this reinforces the need for National to press on with its six-point economic programme to build faster and more sustainable, economic growth.
The year 2011 is going to be another busy year. The Budget will outline the next steps in the Government’s programme to lift economic growth with a focus on boosting national savings and reducing the country’s reliance on foreign debt.
National will continue to focus on the issues that matter to voters – the economy, law and order, health and education. And it will keep working to secure a brighter future for constituents and their families.
The South Waikato electorate office is at level 1, 22-24 Bridge St, Tokoroa, and is open Monday, Tuesday and Friday. There is a room available on the ground floor for meetings. Please contact the office on 07 866 5554 or email@example.com if you have any concerns.
PATCH BAN: Gang regalia has been banned from Tokoroa Hospital.