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Dear John,
Today we have released National’s
fiscal plan which will restore discipline to government spending,
lower taxes and reduce net debt.
This is what New Zealanders need
from their government. Responsibly managing the finances will help us
rebuild the economy.
We have put our tax and spending
commitments together very carefully.
New Zealand has the worst current
account deficit in the developed world, meaning collectively we are
living beyond our means.
Only National has a plan to rebuild
our economy to reduce the cost of living.
In the midst of a cost-of-living
crisis we must also prioritise supporting New Zealanders and the
public services you rely on.
Our fiscal plan has 5 key principles:
- Return
to surplus and reduce debt – National will achieve a surplus in
2026/27, reduce government debt (down $3.4 billion compared with PREFU
forecasts) and provide buffers in future spending
allowances.
- Support
frontline services - National will support frontline services, and
prioritise increases in funding for health and education to account
for inflation.
- Invest
in infrastructure - National will invest in infrastructure to boost
productivity and contribute to New Zealand’s economic recovery,
including making a $3.7 billion contribution to the National Land
Transport Fund.
- Restore
discipline to government spending – National will reduce spending on
bureaucracy, better manage social welfare expenditure, and end funding
for failed programmes like Auckland Light Rail.
- Deliver
tax relief for hard-working Kiwis - National will provide tax relief
of up to $250 a fortnight for an average-income family with young
children in childcare.
Our plan will deliver tax relief
for New Zealanders, prioritise funding for infrastructure and
frontline services; fund a small set of new policy commitments, and
leave significant buffers of unallocated spending for future frontline
services.
READ OUR PLAN
Early voting opens on Monday and
New Zealanders have a clear choice about the economic future they
want.
You can change to a strong, stable
National-led government that will rebuild the economy, stop Labour's
wasteful spending and drive down the cost of living.
Or you can choose more of the same wasteful spending, higher taxes
and no delivery from a Labour, the Greens and Te Pāti Māori coalition
of chaos
This election will be close. Don't leave it
to chance. Only a Party Vote for National can change the government
and get our country back on track.
Thank you,
Nicola Willis
National Party
Deputy Leader and spokesperson for Finance
PS: Every dollar
we raise helps us run our campaign. Can you donate $20
today?
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