National’s clear economic plan and careful financial management is taking New Zealand in the right direction.
Our plan means our economy is growing. We’re creating new jobs and wages are rising. Families are doing better and we’re succeeding on the world stage.
However, one or two years of good growth does not change the economic prosperity of a nation. We need to stay on course to really lift our long-term economic performance, and see more New Zealanders in work, owning their own homes, getting the healthcare they need and the opportunities they want for their children.
The only way we can do that and grasp the many opportunities we have as a country is by having a strong, growing economy.
In this election, only National can credibly offer three more years of the strong and stable government that’s needed to keep the economy growing. Our economic plan is straightforward and we’ve set out our priorities.
A re-elected National Government will return to surplus this year and stay there so we can reduce debt. Reducing government debt puts New Zealand in a better position to cope with any future economic shock or natural disaster.
We’ll cut ACC levies on households and businesses by around 30 per cent. That’s between $700 million to $900 million a year – the equivalent of a tax cut.
And, so long as it’s affordable, we’ll start modestly reducing income taxes for lower and middle income earners from 1 April 2017 because National believes in rewarding New Zealanders’ hard work and enterprise.
We’ll use any further financial headroom to get to our target of 20 per cent net debt to GDP sooner than 2020. Then we can resume contributions to the New Zealand Super Fund.
In addition, National will help to keep interest rates lower for longer by reducing government spending to below 30 per cent of GDP from 35 per cent in 2011. Our focus will remain relentlessly on targeting that spending where it delivers better results for New Zealand families.
New Zealanders have a stark choice this election. They can continue to support National and its clear economic plan that is working for New Zealand, delivering sustainable economic growth, and helping households get ahead
Or they can put all the gains and the growth in jobs and wages at risk by changing course. Under an unstable combination of Labour, the Greens, and Dotcom the economy would stall. They would introduce five new and unnecessary taxes and create a wave of wasteful government spending. They would undermine the confidence necessary for businesses to invest now for future growth and more, higher paying jobs.
National’s clear, straightforward plan will keep New Zealand moving in the right direction.