More cracks in Government’s economic façade

More cracks are appearing in the National Government’s façade of economic management, with the Crown accounts back in deficit and international ratings agency Fitch downgrading its predictions for New Zealand’s economy, the Green Party said.

“Eight years into National's reign, the Government has slipped back into deficit while net Crown debt continues to grow, because National hasn’t found a stable way to fund its spending choices,” Green Party finance spokesperson Julie Anne Genter said.

“The root of National’s economic problems is the irresponsible tax cuts they gave the wealthiest people back when they first got into government, and the failure to implement a capital gains tax.

“The Treasury warned National a year ago that the asset sales hadn’t raised enough money to pay for all the spending on things that National was promising.

“The myth of National being a party of good economic management is being busted. National simply haven’t proved themselves to be responsible managers of the economy.

“By selling off shares in our power companies, National waved goodbye to $775 million of dividend revenue that it could have used to invest in things like public transport, affordable housing, or fixing child poverty.

“The single-minded focus on dairy expansion to pay our way in the world has made things worse, leaving New Zealand vulnerable to international commodity prices at the same time as racking up future clean-up costs by polluting our waterways and climate.

“The Government should be investing in the simple but effective things that will pay off for New Zealand, like insulating our homes and feeding hungry kids at school,” said Ms Genter.

Action

Jeanette Fitzsimon's Memorial

Since her passing, we have been so moved by your stories of Jeanette. Inspiring, challenging, humorous, poignant — endless stories of a life so ric...
Take Action

Action

Local Events

We have activists across Aotearoa / New Zealand who are working hard to build a brighter future for our kids and grandkids. This page lists upcomin...
Take Action

Action

It's time to pay our essential workers a dignified wage

Our essential workers are the heroes getting us through the COVID-19 crisis, yet for too long they’ve been...
Take Action

Action

Join our call to stop funding fossil fuels!

We need to remove all public money managed by the Government from climate-changing fossil fuel industries.
Take Action

Action

Support our Climate Action Plan for bigger bolder climate action

We agree with all five of the School Strike for Climate's demands. Read more and sign the petition.
Take Action

Action

Show your support to end housing inequality

Our essential workers are the heroes getting us through the COVID-19 crisis, yet for too long they’ve been undervalued and many barely....
Take Action

Latest Finance Announcements

Policy

Economic Policy

A Green economy is about better quality of life for people and the planet. Economic success is intertwined with environmental and human wellbeing. ...
See More

Policy

Trade and Foreign Investment Policy

We support fair trade that’s good for economic prosperity, people, and the planet. Trade agreements must respect democracy and state sovereignty T...
See More

Story

Green Budget win backs public sector leadership on climate change

The Greens in Government have today won a significant investment to help move the public sector estate onto clean, renewable energy, Green Party Co...
Read More

Story

Budget 2019 Speech - James Shaw

E te Māngai o te Whare, tēnā koe. Ki a koutou ōku hoa Pāremata, huri noa i te Whare, ngā mihi o te tau hou ki a koutou katoa. 1.         The Wellbe...
Read More

Story

Green Party welcomes first Wellbeing Budget

“The Green Party is proud to welcome New Zealand’s first Wellbeing Budget to deliver change for New Zealanders,” Green Party Co-leader James Shaw s...
Read More

Story

Wellbeing: We need to change how we see our economy

“The Wellbeing Budget is a first step in changing the way we look at the economy and our place in it”, said Green Party Co-leader Marama Davidson. ...
Read More

Latest Economic Development Announcements

Story

Green Party welcomes first Wellbeing Budget

“The Green Party is proud to welcome New Zealand’s first Wellbeing Budget to deliver change for New Zealanders,” Green Party Co-leader James Shaw s...
Read More

Story

Wellbeing: We need to change how we see our economy

“The Wellbeing Budget is a first step in changing the way we look at the economy and our place in it”, said Green Party Co-leader Marama Davidson. ...
Read More

Story

Green Party welcome further efforts to stop tax evasion

The Green Party welcomes further steps to combat tax evasion, Green Party Co-leader James Shaw said today.
Read More

Story

Commencement Speech - Start of Parliament 2019

Mr Speaker, on Election Night 2017, I said that, “New Zealanders have voted for change!” The three Opposition parties that night commanded a majori...
Read More

Story

Green Party Co-leader James Shaw responds to the Government running surplus

The Green Party has welcomed a better than expected surplus, which should allow us to invest in communities and ensure increased wellbeing for New ...
Read More

Story

A Greener way to measure success

Green Party Co-Leaders Marama Davidson and James Shaw have welcomed today’s announcement by Statistics New Zealand that a broad set of indicators w...
Read More