Economic windfall should be funnelled straight back into communities: Green Party

Following an economic forecast that shows Aotearoa strongly rebounding from COVID-19, and Crown accounts looking much healthier than expected, the Government should seriously consider taking the lead on economic stimulus and provide cash injection that will help keep New Zealanders afloat.

Green Party Co-leader James Shaw said today:

“The Government’s coffers are looking healthier than anticipated, despite the impacts of COVID-19. That huge windfall of money should now be funnelled right back into our communities to improve wellbeing and keep New Zealanders afloat.

“The Green Party are calling for an urgent cash injection to those who need it most before Christmas, followed by an increase to baseline support once Parliament resumes next term.

“It is clear we don’t need to worry about debt – now we know we have more than expected it is time to push it back into the community so it is spent. This will continue to stimulate local economies whilst meaning low income New Zealanders can keep their head above water.

“Despite this positive economic outlook, we know many New Zealanders are struggling out in the community.

“During winter, the doubling of the Winter Energy Payment provided a much needed income boost to some of the worst-off New Zealanders.

“Direct payments to people on low incomes help the people who need it most, and provide one of the most effective ways to stimulate the economy – which helps all of us.

“Making sure that everyone has enough money to support their local businesses and avoid taking on onerous debt will help team five million pull through this economic disruption in a stronger position, and ensure an equitable recovery.

“We would work with Government to work through how much anyone on income support and/or Working For Families could get as a one off payment before Christmas. This would be a very simple way to keep our economy going whilst helping struggling New Zealanders this Christmas”.

ENDS

Note: The Green Party took a direct cash increase for low income families to the election as part of the Poverty Action Plan.

 

Latest Finance Announcements

Story

Trickle-down tax cuts while the planet and social contract burns

The Government’s bloody-minded commitment to delivering trickle-down tax cuts at all costs comes at the expense of investment in people and planet. 
Read More

Story

Minister of Finance reheats austerity politics

This morning’s pre-Budget speech from the Minister of Finance offered no “meaningful” news on the Government’s trickle-down economics based plans.
Read More

Story

Central Bank makes clear Government is pouring fuel on housing crisis fire

Today’s Financial Stability Report has once again highlighted that poverty and deep inequality are political choices - and this Government is choos...
Read More

Story

Cold climate cuts for Christmas

Once again, the National Party has shown a breathtaking willingness to say one thing during an election campaign and then do the exact opposite whe...
Read More

Story

State of books makes clear case for wealth tax

The case for a wealth tax has never been stronger.
Read More

Story

Crumbs from the property speculator’s table

High-income property speculators will be the biggest winners from a National Party tax plan that will send house prices and rents through the roof,...
Read More