Highest annual GDP growth for 10 years

September 19, 2014

Another reason to vote National for strong, stable government and a growing economy:

New Zealand continues to enjoy one of the fastest-growing economies in the developed world, confirming that the Government’s sensible economic programme is taking New Zealand in the right direction, Finance Minister Bill English says.

“It’s only through a strong economy that we can provide New Zealanders with new jobs, higher incomes and opportunities to get ahead,” he says. “The Government’s economic programme is successfully delivering those things and families can now look forward to the future with some confidence if we stick with that programme.”

Statistics New Zealand today reported gross domestic product expanded by 0.7 per cent in the June quarter. This took annual growth – from the June quarter 2013 to the June quarter 2014 – to 3.9 per cent – the highest growth rate for 10 years and the highest so far reported by OECD countries. Average annual growth was 3.5 per cent.

Mr English says New Zealand’s challenge is to build on the solid foundations provided by the growing economy.

“It’s pleasing to see the good progress we have made as a country over the past few years. The economy is growing, the Government’s books are on track to surplus and another 83,000 jobs have been created in the past year. But one or two years of growth will not change New Zealand’s economic prosperity. We need to stay on course to really lift our long-term economic performance.”

Growth in the latest quarter was driven by construction activity, up 2.2 per cent, business services, up 4.2 per cent, and retail trade and accommodation, up 1.4 per cent.

New Zealand’s 3.9 per cent GDP growth in the year to June compares with 3.1 per cent in Australia, 3.2 per cent in the United Kingdom, 2.5 per cent in the United States, 2.5 per cent in Canada, no growth in Japan and 1.3 per cent in Germany. Average growth across the OECD was 1.9 per cent.

National is delivering one of the strongest growth rates in the developed world. Party Vote National to keep the economy strong. #Working4NZ ntnl.org.nz/1wtJgA2

Feds wary of Greens

September 10, 2014

I’d add Finance to that:

5 positive priorities vs 5 new taxes

September 10, 2014

National is offering the country five positive fiscal priorities if it’s re-elected:
Labour and the Green party are offering five new taxes.

A re-elected National Government will return to surplus this financial year and stay there so we can reduce debt, lower ACC levies, and start modestly reducing income taxes. #Working4NZ ntnl.org.nz/1lQaKiR

National is offering sustainable growth to provide a foundation for the services which depend on it.

Labour, the Green and which ever other parties they will need to govern, are threatening us with more of the high taxing, high spending policies like those of the last Labour-led government which put New Zealand into recession before the global financial crisis.

This election, the choice is simple.</p><br /> <p>Keep the team that's #Working4NZ. Party vote National.

Stay on course

September 9, 2014

National’s clear economic plan and careful financial management is taking New Zealand in the right direction. ntnl.org.nz/1lQaKiR #Working4NZ

We can stay on course for continued growth and the economic, environmental and social dividends that supports or go off course, lose momentum, and the opportunities sustainable growth provides.

A little more or a lot less

September 9, 2014

National will continue with the economic plan that’s working if voters back it:

A re-elected National Government will return to surplus this financial year and stay there so we can reduce debt, reduce ACC levies on households and businesses and start modestly reducing income taxes, Finance Spokesman Bill English says.

“National’s clear economic plan is working for New Zealand by successfully supporting higher wages and more jobs, and ensuring government spending is invested wisely to deliver better results,” he said when issuing National’s Finance Policy today.

“National is working hard to ensure the economy grows sustainably into the future, supported by more savings, productive investment and exports. This will provide opportunities for Kiwi families to get ahead here in New Zealand.”

As set out in the Budget, a National-led Government will restrict average Budget allowances for discretionary new spending and revenue measures to $1.5 billion a year over the next three years. Within this allowance National will:

• Allow around $1 billion a year for new spending, including between $600 million and $700 million a year more for health and education. This total new spending is consistent with the level of new spending in our last two Budgets and it’s well below the $2 billion to $3 billion spending increases under the last Labour government, which had little to show for them. 

The numbers matter

September 7, 2014

National is often criticised for too much emphasis on the economy.

If the economy was the end that criticism would be valid.

But a sustainably growing economy isn’t the end, it’s the means for more jobs, rising incomes and the provision of first world infrastructure and services.

NZ is on track. Keep the team that's working. #3moreyears

The numbers matter because without careful financial management and the sustained and sustainable surpluses it produces, economic growth will at best stall and at worst go backwards.

Matters that matter

September 7, 2014

This week National made several announcements on matters that matter:

A re-elected National-led Government will improve freshwater quality by investing $100m to buy and retire farmland next to important waterways. ntnl.org.nz/1BaGDWz #Working4NZ
National is committed to building a stronger economy and improving the quality of our environment, which is why we’ll require dairy cattle to be excluded from waterways by mid-2017. ntnl.org.nz/1BaGDWz #Working4NZ
We’ll deliver world-class connectivity to even more people, extending the roll-out of Ultra-Fast Broadband to a further 200,000 New Zealanders. ntnl.org.nz/1t1RAF2 #Working4NZ We’ll boost funding for special needs by providing an additional 800,000 teacher aide hours. ntnl.org.nz/1vUMAqE #Working4NZ

None of these would be possible or sustainable without National’s sound and careful economic management.


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