Another “Zero budget”

Written By: - Date published: 9:34 am, April 6th, 2012 - 72 comments
Categories: budget2012, economy, national - Tags: ,

The Nat’s misguided austerity program is stiffling prospects of recovery. The tax take is down, there’s no money, and they made the last election all about getting back into surplus by 2013/14. Put it all together and it adds up to another “zero budget”. Vernon Small reckons that’s brave:

Zero Budget political and extraordinary

Like it or loathe it, delivering a second “zero Budget” will be an extraordinary achievement if Finance Minister Bill English pulls it off.

It was not so long ago that a new spending allowance of about $1.5 billion was considered tight given the insatiable appetite of the health budget alone, which could swallow $750 million extra a year without any trouble at all.

But as the years of austerity have dragged on, it seems the big-spending ministers and the public servants who report to them have come to accept the message Mr English has been hammering since the global financial crisis hit; that restraint is a permanent state of fiscal affairs.

Hunkering down and waiting for the wheel to turn back in favour of extra spending was not an option.

Even so, consecutive Budgets with no new spending – and more to the point, no major revolt by voters (yet) – is a considerable coup. …

Make no mistake, the zero Budget is far more a political promise than a necessary economic goal. But it will be an extraordinary achievement all the same.

With all due respect to Vernon, I beg to differ, The zero budget isn’t brave or extraordinary. It’s the only option left to a bunch of incompetents who have painted both themselves, and the economy, in to a corner.

72 comments on “Another “Zero budget” ”

  1. Small obviously did not see the last Roy Morgan poll result.

    The next few months are going to be interesting as the Government grapples with a number of scandals, tries to quell a bitter civil war being raged within its ranks and tries to maintain the rather thin veneer it has constructed suggesting that it is a good economic manager.

    Its problem is that the effect of many decisions that it has made were not going to be felt instantly but their effect will become more and more pronounced as time goes by.  The failure to tax properly is the biggest one of these.

    It has until recently managed to maintain popularity by appearing to be Labour lite.  A zero budget will reveal without doubt that it is a typical short sighted brutal selfish tory administration the likes of which the country has regrettably seen too many times before. 

    • It has until recently managed to maintain popularity by appearing to be Labour lite.

      Hardly. National increased popularity in the last election, and Labour decreased popularity, by appearing to have a more austere econonimc approach. Labour-like spending and borrowing even more was not rewarded in the ballot box.

      • mickysavage 1.1.1

        Nah Pete the National-ACT-UF vote went down, Labour’s did go down too but for the benefit of NZF and the Greens.  

        The Labour spending myth is something that you keep trotting out but it bears no relationship to reality.

      • Kotahi Tane Huna 1.1.2

        Another baseless smear from the hypocrite, Pete George. He knows it’s a lie, because he’s been corrected every single time he’s parroted it, but that won’t stop him. What a fuckwit. An unelectable fuckwit.

        • Pete George 1.1.2.1

          I’ve already posted the actual numbers today that back up what I said.
          National 2008 – 1,053,398 – 44.93%
          National 2011 – 1,058,636 – 47.31%

          You must have seen them, you commented right underneath. Your abuse makes a very poor argument.

          • Colonial Viper 1.1.2.1.1

            Still waiting for National to run a $6M referendum on asset sales. Let’s see how popular the buggers are then eh?

          • RedLogix 1.1.2.1.2

            Umm yes. National gained about 3,100 voters.

            That’s a 0.031% increase. If that gives you a warm feeling who am I to take that away from you?

            • Colonial Viper 1.1.2.1.2.1

              Not forgetting that the National led coalition lost the guts of its majority. That’s real popular.

              One more scandal away from being a lame government.

            • Pete George 1.1.2.1.2.2

              It’s factually correct, and the % rise was significant for a second term.

              And especially when seen beside this:
              2008 Labour Party 796,880 33.99%
              2011 Labour Party 614,937 27.48%

              • McFlock

                Actually, Pete, your statement “National increased popularity in the last election” is false.
                   
                They received a percent of a percent increase in the number of votes. Sadly the number of enrolled voters increased by about 1% between 2008 (here) and 2011 (here).
                   
                So in 2008 National received 35.2% of votes from enrolled voters. In 2011 the received 34.6%.
                Does this look like “increased popularity”?

              • RedLogix

                Lots of ways to slice and dice this cake PG. Let’s just look at the total vote for the clearly definable right wing parties:

                Total Right vote in 2008:

                National: 1,053,398
                ACT: 85,496
                UF: 20,497

                Total: 1,159,391

                And in 2011:

                National: 1,058,636
                ACT: 23,889
                UF: 13,443
                Con: 59,237

                Total: 1,155,205

                In other words the total right wing vote between the two elections decreased by about 4,500. Now of course we can quibble about whether NZF is left or right, but overall the change in right wing absolute numbers was ‘noise margin’ stuff.

                Although as a proportion of enrolled voters it clearly declined.

                • Herodotus

                  You should * NZ1st as I would love to hear justification how this party can be classifed as a weft wing leaning party or even centralist – they promote policies of the right
                  I would also like to hear how Labour given the policies that were inacted are left leaning? The rich got wealthier with the policies and not taxed, whilst the worker was left begging for scraps and paying the max tax that they could !!
                  “When you play a game of thrones you win or you die.”- In Labours case winning meant selling out the worker to win the Throne.

                  • Colonial Viper

                    You should * NZ1st as I would love to hear justification how this party can be classifed as a weft wing leaning party or even centralist – they promote policies of the right

                    Not really correct.

                    NZ1 policies echo those of the traditional conservative right wing of 30 years ago, not the neolibs of today.

                    Quite a difference. In other words they are way left of today’s National. $15/hr minimum wage, no asset sales, no farm land sales to foreigners.

                    • Herodotus

                      What porpotion of NZ1 policies are built on philosophy as opposed Winny reading public opinion? Protecting NZ from foreigners is not a platform that is defining to left:right attitude as over the years both swings of the political spectrum have pushed for it be it Autarcy from Albania, China or Germany/Italy of the 30’s
                      Selling our power compaines is not a left:right issue it is common sense verses poor business acruemen arguement.
                      Be it a left or right government how is it that kiwis are always worse off (both for the bird and the people !!) ?

                  • Colonial Viper

                    “When you play a game of thrones you win or you die.”- In Labours case winning meant selling out the worker to win the Throne.

                    can you be sure that the result for Labour is “win” and not “die”? The wheel hasn’t stopped spinning yet, after all.

                  • Draco T Bastard

                    What porpotion of NZ1 policies are built on philosophy as opposed Winny reading public opinion?

                    Conservative politics of 30 years ago was populist. In other words, just as delusional as today’s RWNJ but at least they did have some concern for the good of the country. NZ1st is centrist/authoritarian and is thus more to the left than is Labour.

                    “When you play a game of thrones you win or you die.”

                    The wheel hasn’t stopped spinning yet, after all.

                    Ages come and go, history becomes myth and legend and to be long forgotten when the Age that spawned them comes round again. And we’ve always been at war with the Peoples Republic of Haven.

                    Can we kill the pop-sci sloganeering yet?

                    • Ed

                      Interesting comparing the charts on the political compass between 2008 and 2011. They assessed both Labour and Greens as no having moved right, as some were seeing it, but ACT changed.

                      Of course the increased vote for National would have been affected by their cannibalisation of ACT – having eaten their offspring they grew a little. We knew that ACT was imploding – only hard work by Key and the National candidate in Epsom restored it a little, but where did all those 61,607 voters go? some would not have voted, but surely say 20,000 of them would have turned to National – perhaps Pete George can enlighten us as to where he thinks those remaining ACT votes went . . it doesn’t seem to have been to United Future..

          • bad12 1.1.2.1.3

            Your figures just dont add up,is this the result of a stupid mistake on your part or are you suggesting that the election result was rigged,

            The difference in what we assume is your party vote figures for National in both 2008, and, 2011 is a paltry 5438,

            Your further figures show National,s share of the vote(again we assume it to be the Party Vote) to be 44.93% in 2008 and 47.31% in 2011,

            Are you suggesting here that a difference of plus 2.38% between 2008 and 2011 can be a paltry 5438 actual Party Votes…

          • mike e 1.1.2.1.4

            167 votes pg

      • Break down the borrowing that’s led us to our current debt and the surpluses that have paid it off and I will bet you that Labour governments do better on both fronts than National ones.

        Besides which, spending and borrowing is precisely what National have done- they spent everything on ineffective tax cuts for the rich, and had to borrow to even get them! Unlike National, parties of the centre and of the left actually know how to spend money somewhat effectively.

      • millsy 1.1.4

        National cannibalised ACT and UF’s votes. Labour lost votes to NZF and the Greens.

    • RedLogix 1.2

      These ‘zero budgets’ have lots of cumulative effects.

      One that I’m involved in is a good, albeit modest, example. The backcountry hut network in the DOC estate is both vital to the tramping and hunting community (there’s well over 200,000 of us combined), and is the envy of visitors the world over.

      All we want is shelter from the storm. They represent ‘points of safety’ in a way that a tent simply isn’t. Caught out in a weather change on the tops it might take a tough hour or several to reach the nearest hut cold, wet and tired, but however modest, old or run down it is… it’s hugely appreciated. And loved.

      Yet with cutbacks year on year DOC simply don’t have the modest funds needed to maintain them. This isn’t the fault of the field staff. At the same time they have building codes and regulatory standards which they have to apply to these huts which means that each year more and more of these rudimentary structures are ‘condemned’. Yet there is a very real mismatch between technical building standard demanded by a risk averse Department, and the actual far lesser requirements of a tramper/hunter on a cold wet night.

      At present there are strong suggestions that they have listed for ‘removal’ some 30% of the 1000-1100 or so huts that exist. And one can only assume in next round another tranche will be targetted. This is the logic of forever ‘austerity’.

      Even more absurdly they’re spending good money on flying engineers in to report on these buildings, and presumably crews to demolish and remove them. Money that could be used to save them. And once we lose this heritage… we’ll never get it back.

      Is this DOC’s fault? No.

      It is directly the result of a government that has cut funding year on year. It cannot be sustained and it has consequences.

      • Pete George 1.2.1

        These ‘zero budgets’ have lots of cumulative effects.

        So would year after year of stimulation.

        We headed for recession four years ago, that’s an unusually long time. As it is we’ve increased borrowing substantially, with overspending budgets we would come out of the recession much more badly encumbered with debt.

        • RedLogix 1.2.1.1

          The trouble is Pete, when we lose these huts we will never get them back.

          What you never seem to understand is the inherent asymmetry at work here. Slash burn and cut is easy and cheap. Any fool can do it.

          Building things takes skill, effort and time. Fools need not apply.

          • Colonial Viper 1.2.1.1.1

            PG also forgets that the top 5% of NZers have maybe a hundred billion of liquid wealth salted away – a fraction of which is enough wealth to rebuild NZ from the ground up, if it were taxed to that end.

            Getting hold of $7M here to rebuild DoC huts, $11M there to hire specialist itinerant teachers for special needs children, $19M here to give every child in primary school 2L of milk to take home a week is peanuts.

            If that kind of thing was a priority to the nation, rather than sustaining the unaffordable consumption expectations of a cohort of aging upper middle class wealth hoarders.

            • RedLogix 1.2.1.1.1.1

              Exactly CV. In the bigger scheme of things I’m acutely aware that these huts are only one of many, many community assets, resources and programs that are being run into the ground.

              In their own way both National and Labour are guilty of neglecting the power of community initiative. National simply don’t see it as a profit centre for corporate gain, while Labour tended to steer it’s efforts into state bureaucracies.

              In the meantime what really matters to us ordinary people gets bulldozed.

              • Herodotus

                Ordinary people have been screwed by Labour to the same extent as by National. Perhpas that is why Labour has lost traction with the masses. On a day to day basis life got more difficult over the 99-08 years. In a country of 4.5m we are pay the highest cost for housing, we are paid a substance wage and food for a producer nation is more expensive than to our export markets ( as from the likes on Fonterra we have to pay internation prices- Funny as the price has reduced Dairy prices in the super markets are not comming down 🙁 ). Labour has forgotten the masses for winning battles that only the beltway take any notice of.
                DOC have been treated poorly by all govts as a nice tohave expenditure when times are good. Yet NZ builds its image & tourism by how well our country is presented. Spend nothing and all we will have are only introduced flora and fauna and have to go to Germany or the UK to see a living Kiwi !!

                • bbfloyd

                  not interested in the rest of your rant…. just the drivel that states” ordinary people have been screwed by labour to the same extent as national”….

                  regardless of ones shade of politics that stands as utter bullshit……. you really need to get some rational perspective…..

                  my old grandad would have told you to “get your thumb out of your arse sonny”… i disagree. it’s probably safer left alone…..

                • Labour could have been braver, (for instance doing a CGT or removing GST from fresh produce while still in office) but they did make life better for average people, and even for those of us who had it hardest, to an extent. The trouble is that they tried to appease the wealthy elites at the same time, but they’re never appeased by a party that doesn’t do exactly what it’s told, and Labour will never be that party.

                  You’re right that DOC is underfunded by everyone though. Yet another reason you should vote for the Greens. 😉

        • Ed 1.2.1.2

          With a bit less money being sent overseas and taxed here instead we could actually have jobs, and reduce the cost of unemployment benefits . . .

    • David H 1.3

      And don’t forget they could always attack the beneficiaries next year just in time for the next election. A perfect target.

  2. Vivienne 2

    Responding to Pete,

    My you have been so influenced by NACT rhetoric, that is lies.

    Who did the borrowing and resultant budget deficits? Oh funny this all occured after election 2008!

    NACT to the tune of $250M plus each week and deficites at the end of the financial years.

    Through the Clark -Anderton years the Labour-led government ran surpluses not deficits. Look at the treasury records.

    Unemployment is one of the better indicators of how well the economy is performing. Under NACT it has increased and continues to increase. But then, thank goodness for Australia. If the 1000 New Zealanders heading out each week were staying, I hate to think what the unemployment figures would be!

    One other point Pete. Nearly 1 million enrolled voters did not exercise their vote. So how can you assume National increased it popularity with the size of this abstention?

    • National 2008 – 1,053,398 – 44.93%
      National 2011 – 1,058,636 – 47.31%

      More notably Labour lost support.

      We were headed into recession in 2008 under a Labour led government.

      • Kotahi Tane Huna 2.1.1

        A recession due to a global financial crisis created by neo-liberal fuckwits, which our two biggest trading partners have weathered in better shape than us because the neo-liberal fuckwits you excuse and justify and enable with your lies, Pete George, have pursued economic fantasies rather than common sense.

        • Pete George 2.1.1.1

          Seeing as Roy Morgan seems to be in vogue:

          2.08 MILLION AUSTRALIANS UNEMPLOYED OR UNDEREMPLOYED

          Unemployment was 9.3% (down 0.4% since February 2012) — an estimated 1,120,000 Australians were unemployed and looking for work.

          A further 7.9% (unchanged) of the workforce* were working part-time looking for more work (underemployed) — 959,000 Australians.

          In total 17.2% (down 0.3%) of the workforce, or 2.08 million Australians, were unemployed or underemployed.

          http://www.roymorgan.com/news/polls/2012/4762/

          And how’s our next biggest trading partner looking now, compared to four years ago?

          • Colonial Viper 2.1.1.1.1

            Yep that’s Australia’s two speed mining based economy (the one National wants to copy). Coastal areas of Oz have been slowing down noticeably over the last 2 years.

            What do you expect. Australia is a two product, two customer economy. Coal and iron ore. China and Japan.

            The Japanese economy is well on the way to going tits up shortly, so Australia will follow not long after.

          • Eddie 2.1.1.1.2

            Roy Morgan unemployment stats for australia should not be compared to the official stats here. RM’s numbers differ greatly from the australian official stats, which use the same methodology as our official stats. Official unemployment there- 5.2%, here 6.3%

            • Colonial Viper 2.1.1.1.2.1

              Roy Morgan unemployment stats for australia should not be compared to the official stats here. RM’s numbers differ greatly from the australian official stats, which use the same methodology as our official stats.

              Which begs the question – why are the “official” stats so much more favourable?

              From Steve Keen quoting Roy Morgan (my emphasis/comments):

              ”According to the ABS definition, a person who has worked for one hour or more for payment or someone who has worked without pay in a family business, is considered employed regardless of whether they consider themselves employed or not. [That’s a pretty shit definition right?]

              The ABS definition also details that if a respondent is not actively looking for work (ie: applying for work, answering job advertisements, being registered with Centre-link or tendering for work), they are not considered to be unemployed. [i.e. they just fall out of the statistics as an invisible person]

              The Roy Morgan survey, in contrast, defines any respondent who is not employed full or part-time and who is looking for paid employment as being unemployed. ” (Roy Morgan, September 2011)”

              http://www.debtdeflation.com/blogs/2012/02/10/rba-rates-decision-roy-morgan-unemployment/

              As Steve Keen observes, the Roy Morgan definition gives a truer representation of what is happening to people.

          • mike e 2.1.1.1.3

            NZs unemployment will be higher as those who are not looking for work aren’t included

  3. Colonial Viper 3

    English’s “Zero Budget” are likely to be as successful as his “Fiscally Neutral” tax cuts. So don’t worry about it.

  4. Dr Terry 4

    If Pete George is to be permitted to dominate and run the stream of comments, enjoying this game-playing of his, I must reluctantly cease to read or offer my own comment. The tragedy is that this sad man gets away with evoking so much reaction. Does anybody really think he is capable of understanding “reason”? Save time and breath!

    [Blogging is ultimately rooted in the liberal notion of giving ordinary people a voice. It’s not ‘free speech’, rather it is speech shorn of of power and privilege. Prior to the net the public debate was totally dominated by those with access to the media; now it’s you and I having these conversations.

    At the same time we moderate the site. You don’t get to say just anything you please. At a minimum there is the site policy. Beyond that there is a question of what value a commenter brings to the table. That’s a grey area and every moderator approaches this according to the particular commenter’s track record, context … and how cranky we are feeling on the day.

    On balance Pete survives, not because he isn’t irritating and alarmingly stupid at times, but because if I banned everyone who irked me then it would quickly degenerate into an echo chamber. That’s assuming lprent didn’t get peeved and booted my butt first….RL]

    • McFlock 4.1

      Although I find the opinions of folk like pete pretty worthless (and I acccept that the feeling might well be mutual), occasionally the responses do provide some useful points of view – like the differences in unemployment measures described above.
       

    • marsman 4.2

      Dr Terry. If I see a post that has been doggy-pissed all over by the waffling Pete George I scroll down to a Pete-free patch and read from there. If there’s no Pete-free patch I don’t bother to read the post. Same with the drivel dribbler Gosman.

    • I presume Dr Terry’s a Green – if the Greens are going to get into a coalition government they will have to answer far more probing questions and learn to deal with much more scrutiny than they’ll get from a random blog question.

      They’ll either have to learn to avoid the questions with a bit more grace than demonstrated here, or get radical and be open and transparent – and not hiss off anything they feel uncomfortable with.

      • felix 4.3.1

        Yeah, that’s the most common complaint about you Pete; your questions are too probing and your scrutiny too rigourous.

      • bad12 4.3.2

        Do you mean learning to avoid the questions like this,

        Slippery answering a question from the Greens Russell Norman in the Parliament this week on the National Governments shortfall in revenue from taxation and what part tax cuts for the rich had played in such a shortfall,

        ”Ha ha ha imagine what it would be like if we hadn’t raised GST Ha ha ha”,unquote John Key…

      • We don’t like you because your critiques are vacuous and easily refuted, and you ignore it most of the time when they are, but you’re certainly not worth the precedent of being banned, in my view.

    • David H 4.4

      He’s like a mozzy buzzing away just out of reach of that favourite I put Pete G in the same vein. An annoyance thats just out of range of the slap, or spray, so I just ignore his inane drivel.

  5. Reagan Cline 5

    RedLogix. The huts have to stay and we could do with more of them.
    What is to stop tramping clubs (or even corporates) adopting huts and fund raising to maintain them ?
    You used to be able to pack materials in and build a hut – Hikurangi Hut was a good example and no doubt there are others, and come ti think of it I did a bit of hut maintenance myself – UNPAID. The other thing is the critria the engineers that inspect these huts are using in their reports – how realistic are these ?
    The hut needs a basic timber frame, a window ot two, a door, bunks, a bench, a fireplace, water tank and dunny. None of this is hugely expensive – I just do not get why DOC is claiming the network is too expensive to maintain.
    I don’t mind by the way if we spend less on exterminating introduced plants and animals – it is a losing battle anyway. I reckon track and hut maintenance are far more important – and even more important is showing our children how cool it is to use them.

    • Colonial Viper 5.1

      What is to stop tramping clubs (or even corporates) adopting huts and fund raising to maintain them ?
      You used to be able to pack materials in and build a hut – Hikurangi Hut was a good example and no doubt there are others, and come ti think of it I did a bit of hut maintenance myself – UNPAID.

      And this is happening. As the Government shirks from its activities, ordinary people have to pick up the pieces.

      None of this is hugely expensive – I just do not get why DOC is claiming the network is too expensive to maintain.

      Wake up.

      Budget cuts have already forced DoC to disband specialist teams and positions all around the country, losing huge amounts of expertise and capability which will never be regained or rebuilt.

      You try maintaining the DoC estate for 5c per hectare.

    • RedLogix 5.2

      What is to stop tramping clubs (or even corporates) adopting huts and fund raising to maintain them ?

      Yes. That’s happening to some degree already. Consider the fantastic success of the Permolat group on the West Coast who’ve achieved a remarkable turnaround in the access and status of numerous otherwise threatened huts. (Warning… the link above is saturated with ‘tramping porn’. Safe for work, but hazardous to bandwidth.)

      In the Lower North Is there is a Tararua Hut Committee that currently co-ordinates between various clubs and DoC to achieve exactly what you have in mind. For instance the quirky and unique Blue Range Hut was saved and now maintained by the Masterton Tramping club. DoC used to have some limited funding for this work, but it’s gone now.

      There is stuff going on; we just need to ramp it up to the next level. DoC need to make buying Annual Hut Passes a lot easier and more accessible. Being a member of any hunting or tramping organisation needs to include a mandatory Hut Pass purchase, and the flow of cash from these Passes needs to be a lot more transparently spent on it’s intended purpose. There is a huge opportunity to make it a lot easier for volunteers to contribute to hut and track maintenance. Again there are things happening, but on a modest and fitful scale.

      The entire tramping and hunting community need to wake up to what is happening. Under the current bureaucratic logic we will lose most of them, leaving just a small number of big huts, charging big fees, on a handful of ‘big walks’.

      What impresses me is just how many people are out there. Last weekend I did a quick day trip into Mitre Flats and on my way out I passed 22 people in four different parties heading in for the night. All ages and sizes. And this isn’t an easy walk for most people.

      It’s not a sport, or even a recreation. It’s a way of life. It’s not an exaggeration to say that I pretty much learnt my values in these hills and huts. And yes I really want to see it there for our kids.

    • Draco T Bastard 5.3

      What is to stop tramping clubs (or even corporates) adopting huts and fund raising to maintain them ?

      Nothing but it’s less efficient than having the government do it and thus takes away resources for other things. Generally speaking, that’s why we have community in the first place.

      he hut needs a basic timber frame, a window ot two, a door, bunks, a bench, a fireplace, water tank and dunny. None of this is hugely expensive

      If you don’t take into account the environment around the hut then it’s not but it gets a little more complicated when you do. Also, a basic wooden frame doesn’t help much if it falls down every time it snows (Yes, I have actually heard of buildings built this badly by people who thought standards weren’t needed).

      • RedLogix 5.3.1

        I understand where you are coming from DtB. If you’re building a new hut, it makes sense to do it right. Not fancy… but done right. This need not be expensive, especially if you work to a standard design. The old NZFS six-bunkers were a remarkable success for just this reason.

        Overall I think the best way forward is a strong collaboration between DoC and the community clubs. That’s not effectively happening right now and… coming back to the point of this thread… is an example of what happens when budgets are locked into ‘austerity mode’.

    • joe90 5.4

      I’ll see your remote huts and raise you some Cabin Porn.

  6. Blue 6

    The zero budget is ‘brave’ from a political columnist’s standpoint. But we all know political columnists do not concern themselves with what is right or wrong.

    Skimping will always come back to bite you in the arse in the end. But Small cares nothing for that. When the effects come home to roost, the Key-led government will no longer be in power.

    Leaky homes, Cave Creek, Pike River, they are all meaningless to a political columnist who only looks at the cut and thrust of the here and now.

    The similarity in short-term, shallow thinking recommends right-wing politicians and political columnists to each other.

  7. Pete 7

    Sir Humphrey: If you want to be really sure that the Minister doesn’t accept it, you must say the decision is “courageous”.
    Bernard: And that’s worse than “controversial”?
    Sir Humphrey: Oh, yes! “Controversial” only means “this will lose you votes”. “Courageous” means “this will lose you the election”!

  8. james111 8

    I believe the budget should be a zero budget. If you arent earning the revenue due to the world wide recession you cant spend it. Although I know labor would just take the spend spend spend spend wastefully approach.

    • fender 8.1

      It’s Labour ! not Labor ! For the umpteenth time james 111

      See your sock is overflowing again you dirt eating sock fiddler

    • Draco T Bastard 8.2

      As has been pointed out to you before, it’s NATIONAL that’s taking the “spend spend spend spend wastefully approach.” Which is why the budget is getting blown out every friggen week.

    • Colonial Viper 8.3

      If you arent earning the revenue due to GIVING BILLIONS TO THE ALREADY WEALTHY you cant spend it.

      fify Jimmie 3.

    • RedLogix 8.4

      Nonsense. New Zealand earns it’s way in the world. We actually run a surplus in tradeable goods and services. Did you know that?

      The only reason why we have a Current Account deficit is because there is a huge $12-15b annual outflow of “Reverse Investment Income” …fancy economist speak for “our owners and overlords exporting their profits overseas”.

      And because we are in a global recession the economy is running at somewhat below capacity. In that scenario there is every reason for the government to print some money in order to stimulate demand, utilising that spare capacity.

      But that’s likely too big a sound-bite for you….

      • Colonial Viper 8.4.1

        The only reason why we have a Current Account deficit is because there is a huge $12-15b annual outflow of “Reverse Investment Income” …fancy economist speak for “our owners and overlords exporting their profits overseas”.

        As Greer states, empires are built and maintained by the pumping out of wealth from vassal states (NZ) and centralisation in an imperial core (consisting of the world’s elite 0.01%).

        NZ is, to put it bluntly, on the wrong side of the wealth pump.

  9. bad12 9

    A National Government zero budget=20,000 more unemployed in 18 months…

  10. bad12 10

    Election 2014 will be fought by whats left of National on ”another sale of SOE,s for the greedy, and,”another kick aimed at those reliant on benefits as their income”…

  11. Treetop 11

    I just hope that there will not be a zero budget when it comes to requiring a comprehensive investigation into ACC. NZers require the truth as they have lost the right to sue in most circumstances. The functions of ACC need to be transparent.

  12. gnomic 12

    Erm, is not the answer to whatever the question was here, we are all doomed, resistance is futile. Aotearoa New Zealand has recently given $100 million to the IMF for Greece and Portugal to save them from financial collapse. This would likely be money borrowed from overseas as NZ is already bankrupt to the best of my knowledge.

    http://www.radionz.co.nz/news/political/102732/nz-to-consider-imf-request-for-more-funds

    This Pete George, is he or it of the same ilk as John Galt? At least we know JG was a fictional character created by a headcase, has anybody ever seen PG in a room with other human beings? But wait, didn’t someone called PG run for an imaginary party in the last election? Imagine being lead by Dunne. Oh all right, don’t even bother trying to imagine that, it could be hazardous to mental health.

Recent Comments

Recent Posts

  • Anzac Commemorative Address – NZ National Service, Chunuk Bair
    Distinguished guests -   It is an honour to return once again to this site which, as the resting place for so many of our war-dead, has become a sacred place for generations of New Zealanders.   Our presence here and at the other special spaces of Gallipoli is made ...
    BeehiveBy beehive.govt.nz
    6 hours ago
  • Anzac Commemorative Address – Dawn Service, Gallipoli, Türkiye
    Mai ia tawhiti pamamao, te moana nui a Kiwa, kua tae whakaiti mai matou, ki to koutou papa whenua. No koutou te tapuwae, no matou te tapuwae, kua honoa pumautia.   Ko nga toa kua hinga nei, o te Waipounamu, o te Ika a Maui, he okioki tahi me o ...
    BeehiveBy beehive.govt.nz
    12 hours ago
  • PM announces changes to portfolios
    Paul Goldsmith will take on responsibility for the Media and Communications portfolio, while Louise Upston will pick up the Disability Issues portfolio, Prime Minister Christopher Luxon announced today. “Our Government is relentlessly focused on getting New Zealand back on track. As issues change in prominence, I plan to adjust Ministerial ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • New catch limits for unique fishery areas
    Recreational catch limits will be reduced in areas of Fiordland and the Chatham Islands to help keep those fisheries healthy and sustainable, Oceans and Fisheries Minister Shane Jones says. The lower recreational daily catch limits for a range of finfish and shellfish species caught in the Fiordland Marine Area and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Minister welcomes hydrogen milestone
    Energy Minister Simeon Brown has welcomed an important milestone in New Zealand’s hydrogen future, with the opening of the country’s first network of hydrogen refuelling stations in Wiri. “I want to congratulate the team at Hiringa Energy and its partners K one W one (K1W1), Mitsui & Co New Zealand ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Urgent changes to system through first RMA Amendment Bill
    The coalition Government is delivering on its commitment to improve resource management laws and give greater certainty to consent applicants, with a Bill to amend the Resource Management Act (RMA) expected to be introduced to Parliament next month. RMA Reform Minister Chris Bishop has today outlined the first RMA Amendment ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Overseas decommissioning models considered
    Overseas models for regulating the oil and gas sector, including their decommissioning regimes, are being carefully scrutinised as a potential template for New Zealand’s own sector, Resources Minister Shane Jones says. The Coalition Government is focused on rebuilding investor confidence in New Zealand’s energy sector as it looks to strengthen ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Release of North Island Severe Weather Event Inquiry
    Emergency Management and Recovery Minister Mark Mitchell has today released the Report of the Government Inquiry into the response to the North Island Severe Weather Events. “The report shows that New Zealand’s emergency management system is not fit-for-purpose and there are some significant gaps we need to address,” Mr Mitchell ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Justice Minister to attend Human Rights Council
    Justice Minister Paul Goldsmith is today travelling to Europe where he’ll update the United Nations Human Rights Council on the Government’s work to restore law and order.  “Attending the Universal Periodic Review in Geneva provides us with an opportunity to present New Zealand’s human rights progress, priorities, and challenges, while ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Patterson reopens world’s largest wool scouring facility
    Associate Agriculture Minister, Mark Patterson, formally reopened the world’s largest wool processing facility today in Awatoto, Napier, following a $50 million rebuild and refurbishment project. “The reopening of this facility will significantly lift the economic opportunities available to New Zealand’s wool sector, which already accounts for 20 per cent of ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech to the Southland Otago Regional Engineering Collective Summit, 18 April 2024
    Hon Andrew Bayly, Minister for Small Business and Manufacturing  At the Southland Otago Regional Engineering Collective (SOREC) Summit, 18 April, Dunedin    Ngā mihi nui, Ko Andrew Bayly aho, Ko Whanganui aho    Good Afternoon and thank you for inviting me to open your summit today.    I am delighted ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government to introduce revised Three Strikes law
    The Government is delivering on its commitment to bring back the Three Strikes legislation, Associate Justice Minister Nicole McKee announced today. “Our Government is committed to restoring law and order and enforcing appropriate consequences on criminals. We are making it clear that repeat serious violent or sexual offending is not ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New diplomatic appointments
    Foreign Minister Winston Peters has today announced four new diplomatic appointments for New Zealand’s overseas missions.   “Our diplomats have a vital role in maintaining and protecting New Zealand’s interests around the world,” Mr Peters says.    “I am pleased to announce the appointment of these senior diplomats from the ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Humanitarian support for Ethiopia and Somalia
    New Zealand is contributing NZ$7 million to support communities affected by severe food insecurity and other urgent humanitarian needs in Ethiopia and Somalia, Foreign Minister Rt Hon Winston Peters announced today.   “Over 21 million people are in need of humanitarian assistance across Ethiopia, with a further 6.9 million people ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Arts Minister congratulates Mataaho Collective
    Minister for Arts, Culture and Heritage Paul Goldsmith is congratulating Mataaho Collective for winning the Golden Lion for best participant in the main exhibition at the Venice Biennale. "Congratulations to the Mataaho Collective for winning one of the world's most prestigious art prizes at the Venice Biennale.  “It is good ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Supporting better financial outcomes for Kiwis
    The Government is reforming financial services to improve access to home loans and other lending, and strengthen customer protections, Commerce and Consumer Affairs Minister Andrew Bayly and Housing Minister Chris Bishop announced today. “Our coalition Government is committed to rebuilding the economy and making life simpler by cutting red tape. We are ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Trade relationship with China remains strong
    “China remains a strong commercial opportunity for Kiwi exporters as Chinese businesses and consumers continue to value our high-quality safe produce,” Trade and Agriculture Minister Todd McClay says.   Mr McClay has returned to New Zealand following visits to Beijing, Harbin and Shanghai where he met ministers, governors and mayors and engaged in trade and agricultural events with the New ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • PM’s South East Asia mission does the business
    Prime Minister Christopher Luxon has completed a successful trip to Singapore, Thailand and the Philippines, deepening relationships and capitalising on opportunities. Mr Luxon was accompanied by a business delegation and says the choice of countries represents the priority the New Zealand Government places on South East Asia, and our relationships in ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • $41m to support clean energy in South East Asia
    New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Minister releases Fast-track stakeholder list
    The Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Judicial appointments announced
    Attorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Education Minister heads to major teaching summit in Singapore
    Education Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa.  The summit is co-hosted ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Value of stopbank project proven during cyclone
    A stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Anzac commemorations, Türkiye relationship focus of visit
    Foreign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul.    “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Minister to Europe for OECD meeting, Anzac Day
    Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Comprehensive Partnership the goal for NZ and the Philippines
    Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr.  The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government commits $20m to Westport flood protection
    The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Taupō takes pole position
    The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Cost of living support for low-income homeowners
    Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners.  “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government backing mussel spat project
    The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government focused on getting people into work
    Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Clean energy key driver to reducing emissions
    The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Earthquake-prone buildings review brought forward
    The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Thailand and NZ to agree to Strategic Partnership
    Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Government consults on extending coastal permits for ports
    RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Inflation coming down, but more work to do
    Today’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • School attendance restored as a priority in health advice
    Refreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Unnecessary bureaucracy cut in oceans sector
    Oceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Patterson promoting NZ’s wool sector at International Congress
    Associate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector.    "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Removing red tape to help early learners thrive
    The Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...
    BeehiveBy beehive.govt.nz
    1 week ago

Page generated in The Standard by Wordpress at 2024-04-25T14:24:33+00:00