Economic sustainability goes hand in hand with environmental sustainability. Both are about living within our means and leaving the world better than we found it.
Our Budget Responsibility Rules show that the Green Party and the Labour Party will manage the economy responsibly while making the changes people know are needed, like lifting kids out of poverty, cleaning up our rivers, solving the housing crisis, and tackling climate change.
- Deliver sustainable surpluses
- Reduce debt
- Prioritise long-term investments
- Be careful with expenditure
- Build a fairer tax system
We will judge the success of our policies by improvements in the living standards of New Zealanders, improvements in key environmental indicators, and improvements in the economy.
We will establish a body independent of Ministers of the Crown who will be responsible for determining if these rules are being met. The body will also have oversight of government economic and fiscal forecasts, shall provide an independent assessment of government forecasts to the public, and will cost policies of opposition parties.
For New Zealanders to have enduring quality of life, prosperity, and security, governments need to manage revenue and spending decisions carefully. Good fiscal management is a core part of what it means to be a good government.
The Budget Responsibility Rules enable us to govern responsibly and transparently with Labour, while we invest in our priorities.
This is an agreement between the Green Party and Labour Party to guide our economic management in government.