Election 2020 - Party Policies - Economy
25th Jul 20, 5:55am
by
Economy
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- Five point plan for economic recovery:
- Read more here.
- Ensure the government develops a strategic economic vision for Aotearoa New Zealand, involving as many stakeholders as possible from all walks of Aotearoa New Zealand life.
- Government should actively support sustainable industries and collaborate with the private sector to increase productivity and wages, fund research and development, reduce environmental damage, and grow the value of exports.
- Working with local government to pursue a co-ordinated approach to infrastructure development and procurement to enhance the sustainable economic potential of Aotearoa New Zealand, including building capacity in the regions and promoting hubs of specialist economic activity.
- Improve access to both grant funding and capital for community enterprise, especially where these demonstrate commitment to broader principles of environmental and social sustainability
- Support and facilitate the development of the Māori economy, and ensure economic policies recognise the importance of whānau, whenua and kaitiakitanga to Māori economic development.
- Encourage organisations to develop policies to pay a ‘living wage’ and limit the ratio of highest to lowest pay rates within the organisation, and to procure from those businesses doing likewise.
- Read more here and here.
- Investing in people
- Jobs, jobs, jobs:
- Preparing for the future
- Supporting small businesses, entrepreneurs and job creators
- Position New Zealand globally
- Read more here.
- Invest more in education, health, social development and infrastructure while leaving $10.2 billion in operating allowances over the next four years to deal with future cost pressures.
- Pathway to reducing government debt involves a more disciplined approach to day-to-day new spending, suspending Super Fund contributions, eliminating wasteful spending like Fees-Free and KiwiBuild, and benefiting from the subsequent reduction in finance costs. Projections show we can return debt back to 35 per cent of GDP by 2034 compared to the PREFU forecast of 48 per cent.
- The choice for voters this election is clear: higher taxes and more government programmes under Labour and the Greens, or more money in their pockets under National.
- Goal is to build a strong economy that provides a good standard of living for all New Zealanders and opportunities for future generations.
- The best path back to prudent debt levels is through an absolute focus on economic growth and disciplined spending, not higher taxes.
- Read more here.
- Economic policy will comprise a strategy for export-led economic development to add value to our resources, relying on independent business expertise with Government support to encourage economic success.
- Support local procurement policies that encourage government departments, state-owned companies, and local government bodies to give weighting to domestic service providers or products
- Upgrade KiwiBank’s capabilities so that it may better compete with commercial and wholesale lending competitors
- Aim to increase KiwiBank’s market share by targeting specific lending portfolios such as Agri-lending
- Encourage the consolidation of sub-prime lenders including co-ops and community banking to better compete against offshore banks
- Continue to promote a simple taxation system by opposing complicated tax initiatives such as a comprehensive capital gains tax
- Read more here.
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