INDEPENDENT NEWS

Coalition's Lack of Fiscal Parameters Disappoints

Published: Mon 6 Dec 1999 03:04 PM
ACT Finance Spokesman Rodney Hide today said the Labour/Alliance Coalition's lack of agreement on a spending cap for government over the next three years was very disappointing.
"Following the election Dr Michael Cullen promised a fiscal track in the Coalition Agreement. The Agreement, announced by the parties today, provides no such track.
"There is clearly no agreement on how much taxpayers' money the new Government is planning to spend.
"Labour's promised spend-up is bad enough. But how much extra is Jim Anderton going to wring out of the taxpayer?
"It's very disappointing that the Coalition hasn't passed this most basic test of fiscal prudence," said Rodney Hide.
ENDS

Next in New Zealand politics

Timeline confirmed for Emissions Reductions Plan
By: New Zealand Government
Open Letter to Minister Hipkins on Student Support
By: NZUSA
OneRoof Reveals New Zealand's Average Property Value Reaches $1 Million
By: OneRoof
Govt parks the expiry of licenses, WoFs and regos
By: New Zealand Government
Highest jump in weekly benefit numbers since first lockdown
By: Child Poverty Action Group
Electricity Authority Orders Review Under The Electricity Industry Act 2010
By: Electricity Authority
Hurry up and wait! There’s a "climate emergency"
By: ACT New Zealand
Emissions Plan Delay Sensible
By: Business NZ
View as: DESKTOP | MOBILE © Scoop Media