Budget does nothing good to ordinary New Zealanders
Wellington, May 25, 2017
Finance Minister Steven Joyce presented his first Budget in Parliament at 2 pm today. This is his first Budget as Finance Minister and the Ninth for the National Party since occupying the Treasury benches in November 2008. We will bring updates continuously over the next few hours and conclude with our own exclusive analysis of the government’s Fiscal Policy later tonight.
-Editor
The Finance Spokesman of Labour Party, the largest Opposition Party in Parliament is known as the Shadow Finance Minister and hence has the responsibility of responding to all matters relating to the fiscal policies of the government; more so the Budget, which sets the pace for government spending and revenue. Grant Robertson (pictured), believes that Budget 2017 has failed to address the real issues.
Grant Robertson
National’s election year Budget shows that there is no coincidence that Finance Minister Steven Joyce doubles as National’s campaign manager.
The 2017 Budget reveals a lack of vision, and is simply an election year budget with an eye for September 23, not the 21st Century.
It is irresponsible to dangle tax cuts that actually benefit the wealthiest more than low-income New Zealanders, instead of investing in the social foundations that are critical to our country’s future.
Inequality widens
The people who gain the most from the tax changes are people like Steven Joyce and me who earn far more than the average wage.
The richest families get $35 a week from the Budget bribe, the poorest get $5 a week. Someone on the average wage gets $11 a week, and around 800,000 New Zealanders on taxable incomes below $14,000 get nothing.
Steven Joyce has failed to deliver a plan to fix the housing crisis, build affordable homes for first home buyers, end homelessness, or fund our hospitals and schools properly.
The big spending from the Government comes in the form of nearly $800 million for prisons. This is actually a sad indictment of National’s failure to invest in New Zealand.
Inadequate investment
We would not have to build billion dollar prisons if the Government would adequately invest in early childhood education, get better support to help our vulnerable children, and provide mental health services to New Zealanders before their problems overwhelm them.
The Government has said they want to double crew ambulances, but when it comes to social services, sadly those ambulances are still parked at the bottom of the cliff.
Labour has different priorities to National.
We will fund our health system properly to meet the needs of a growing population.
We will build houses for first home buyers that they can afford, and invest in education instead of building prisons. This Budget offers nothing new.
It is time for a fresh approach.
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