John --
Today, the Treasury released the Half Year Economic and Fiscal
Update. Here’s what Labour’s chaotic Coalition Government have
delivered for New Zealand:
- Economic growth forecasts
slashed.
- Budget deficit forecast for
2020.
- Broken their promise to run
surpluses every year.
- Over $20 billion more in debt over
the next 4 years.
- Broken their promise to get debt
under 20% of GDP by 2020.
- A further $15 billion increase in
‘off the balance sheet’ debt over the next 5 years.
- Broken their own Budget
Responsibility Rules.
The Government has turned the strong growth and huge surpluses it
inherited from National, into deficits, weak growth and more debt in
just two years.
Labour wouldn’t need to break their debt promise if they
had not wasted billions of taxpayer money on failed experimental
policies like KiwiBuild, Fees Free or the Provincial Growth
Fund.
A National Government would restore confidence and revive our
economy by getting on with infrastructure, by making it easier for
businesses, large and small, to succeed and by being disciplined and
effective in Government.
In less than a year, the 2020
Election will shape the next 3 years of New Zealand’s future. If you
want a strong National-led Government making those decisions, we need
to give it everything we’ve got.
Can
you chip into our President's Appeal fighting fund
now?
Click here to chip in $30
Click here to chip in $50
Click here to chip in $100
After spending its first two years deliberately stopping planned
transport infrastructure that was ready to go, it’s a relief the
Government has finally woken up to the need to get on with things. We,
however, have little confidence it will deliver anything next year
either.
Chip into our Fighting Fund and help us make Labour’s
chaotic Coalition a one-term government.
John, I hope I can count on your support.
Regards
Paul Goldsmith Finance Spokesperson
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