Scoop has an Ethical Paywall
Bollard comments welcomed
14 October 2005 Statement
Bollard comments welcomed
Finance Minister Michael Cullen today welcomed the speech by the Reserve Bank Governor Dr Alan Bollard, and its strong warnings about the levels of borrowing and spending.
“Dr Bollard's comments are very timely. They emphasise the importance of what I have been saying for some months about the need for the government to maintain a strong fiscal stance in the face of a large current account deficit and inflationary pressures.
“It is clear that major priorities for the new government will include continuing to take significant measures to improve our overall savings rate, lift productivity and increase exports.
“At the same time the financial sector can help by taking a firmer stance on borrowing for consumption purposes,” Dr Cullen said.
ENDS
Gordon Campbell: On Why We Can’t Survive Two More Years Of This
National Wetland Trust: Public Asked To Help Prevent Fires In Wetlands This Summer
Lillian Hanly, RNZ: The Year In Politics - Stories That Dominated The Headlines In 2024
Waikato Regional Council: Studies Open Door To Mercury Islands Underwater World
Office of the Privacy Commissioner: Christmas Is About Giving, But Don’t Give Up Your Privacy
The Rail Advocacy Collective: Chris Trotter - Running Us Off The Rails
Natural Hazards Commission: More Landslide Claims Than Ever; NHC Encourages Homeowners To Get Prepared
