Election 2017 - Party Policies - Economy
27th May 17, 9:53am
by
Economy
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- Our economy is growing because more people are coming here and putting in more hours, but productivity growth and therefore real wage growth remains flat.
- ACT promotes more efficient government spending with lower flatter taxes and no new taxes.
- Less tax leads to a more productive economy with high growth and low unemployment.
- Successful businesses are good for New Zealand, but it’s not the government’s job to prop up the ones that aren’t.
- Corporate welfare costs us too much with little or no benefit to everyday New Zealanders.
- Read more here.
- Establish a government-owned, independent, for profit Green Infrastructure Fund with a social and environmental purpose, to act as a magnet attracting private finance to transformational low carbon, climate resilient projects.
- The Fund will kick-start new clean infrastructure projects like solar and wind power installations, energy efficient buildings, biofuels, and other clean technologies.
- The Fund will have a minimum target rate of return of 7 percent, an annual emissions reduction goal of one million tonnes of CO2, and generate thousands of new jobs.
- It will cost $110 million over three years to be initially paid for by raising oil royalty rates from 46 percent to the international average rate of 70 percent.
- Read more here.
- Deliver a sustainable operating surplus accross an economic cycle.
- Reduce the level of Net Core Crown Debt to 20% of GDP within five years of taking office.
- Prioritise investments to address the long-term financial and sustainability changes facing New Zealand.
- Take a prudent approach to ensure expenditure is phased, controlled, and directed to maximise its benefits. The Government will maintain its expenditure to within the recent historical range of spending to GDP ratio.
- Ensure a progressive taxation system that is fair, balanced and promotes the long-term sustainability and productivity of the economy.
- Read more here.
- Establish Tangata Whenua Supply as a new initiative to encourage government departments, private organisations and corporate agencies to use suppliers from indigenous-owned businesses.
- Expand He Kai Kei Aku Ringa – the Māori Economic Development Strategy to ensure as many whānau flourish as possible.
- Establish a new procurement policy that imposes a target for the proportion and value of government contracts that need to be awarded to Māori owned businesses and minimum participation requirements in contracts valued at or above a minimum dollar threshold.
- Introduce incentives to promote joint ventures between iwi, industry and businesses.
- Increase the availability of low interest business start-up loans.
- Read more here.
- Delivering a more diverse and resilient economy with strong export-led growth.
- Building a digital nation to ensure we are more connected.
- Ensure that our regions are as productive and innovative as they can be to improve regional living standards, but also lift our national exports and increase wealth throughout New Zealand.
- Creating a new National Infrastructure Commission to lead more public-private partnership (PPP) projects. National will merge two units from the Treasury to form the core of the Commission, with an additional $2.5 million a year in funding to operate it.
- The Commission will be made up of highly specialised skilled people down from the private sector and the government.
- Read more here, here and here.
- Establish Special Economic Areas adjacent to Northport (Northland) and South Port (Southland).
- Impose strict controls over foreign ownership.
- Put the interests of New Zealand exporters into trade agreements.
- Put in place the tax settings to grow Kiwi companies that employ and pay world-class wages.
- Support the primary industries and related industries to add value and grow sustainably.
- Read more here.
- A broad-based low rate tax system;
- Free and fair trade, providing opportunity for New Zealanders to benefit while preserving our unique comparative advantages;
- Focusing on low inflation to keep the cost of living down;
- Support recurring regulatory responsibility reviews, making our public service efficient and productive;
- Improve transport infrastructure, giving priority to areas where ports, roading and rail investment constraints are holding back economic growth and development.
- Read more here.
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