INDEPENDENT NEWS

Accelerated Expenditure will Boost Economy

Published: Wed 11 Feb 2009 12:00 PM
Accelerated Infrastructure Expenditure will Boost Economy
The Wellington Regional Chamber of Commerce has welcomed the government’s plans to accelerate infrastructure expenditure as part of its response to the economic crisis.
“This is a unique opportunity to reduce the country’s infrastructure deficit. It is also an excellent way to provide fiscal stimulus without jeopardising the government’s fiscal position in the longer term,” said Chamber CEO Charles Finny.
“We are pleased that the projects announced have been approved on their merits and were programmed to occur in later years anyway. However there will be a need to reduce expenditure in the medium term to offset the current boost and to return government debt to sustainable levels.
“We are particularly pleased that Muldoon’s Corner is on the list of state highway work to be accelerated. This is an important stretch of road for the lower North Island and is on the list of accelerated expenditure priorities that we have been pushing. It will be welcomed particularly by commercial users. There is not enough room for two trucks to traverse this stretch of road at the same time.
“We hope that Wellington will get its share of accelerated projects in the second wave of infrastructure projects to come.
“While we also support increased investment in public transport, the reality is such expenditure is not as stimulatory as road building. We therefore agree fully with the emphasis of the government announcement,” Mr Finny concluded.
ENDS

Next in Business, Science, and Tech

Vision to unite the primary sector launched today
By: New Zealand Government
Half Year Economic and Fiscal Update 2019
By: New Zealand Treasury
Competitiveness and transparency in the retail fuel market
By: New Zealand Government
A safer banking system for all New Zealanders
By: Reserve Bank
Feds happy to see recognition for the future of farming
By: Federated Farmers
Primary Sector Council’s unification vision welcomed
By: Horticulture NZ
Strong economy, careful spending gives $12bn of surpluses
By: New Zealand Government
Priorities for 2020 Wellbeing Budget outlined
By: New Zealand Government
Govt delivers deficits, broken promises, weaker economy
By: New Zealand National Party
New Zealand the most heavily taxed country in Asia-Pacific
By: ACT New Zealand
No excuse for an election-year deficit
By: New Zealand Taxpayers' Union
Study recommends changes to benefit competion
By: Commerce Commission
Process concerns in market study
By: BusinessNZ
“At last!” says MTA in response to fuel market findings
By: Motor Trade Association
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media