Parliament kicks off tomorrow
Parliament kicks off tomorrow when the house sits for the first time this year. Prime Minister John Key says he will use his opening speech to talk about the economy and social issues.
Hot Topic
Budget 25
Parliament kicks off tomorrow when the house sits for the first time this year. Prime Minister John Key says he will use his opening speech to talk about the economy and social issues.
Parliament kicks off tomorrow when the house sits for the first time this year.
Prime Minister John Key says he will use his opening speech to talk about the economy and social issues.
Speaking on Newstalk ZB this morning Mr Key said the speech would focus on delivering better outcomes from government as well as value for money.
On TV One's Breakfast show he said that 27,000 new jobs had been created in the past year but that was not enough given population growth.
He said a technical recession was possible but unlikely and the Government would focus on keeping a lid on borrowing and lifting savings.
There were positives with strong prices for agricultural products.
"There's an international demand for our goods that we sell, the Rugby World Cup is more than likely to have a stimulatory effect on New Zealand, the third thing is the Canterbury rebuild will add to economic growth in New Zealand... We are starting to see some good things so I don't think we should talk ourselves into a recession."
Mr Key said the Government was considering the recent Savings Working Group report and some recommendations could be picked up in the May budget.
He wasn't making any promises of attractive incentives; "if the Government puts a lot of incentives in our [government] savings go down even if your savings go up, so the national picture may not change".
NZPA
Mon, 07 Feb 2011
Mon, 07 Feb 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Parliament kicks off tomorrow
12125