30 November 2009

Taskforce report requires practical decisions

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The Government will consider the 2025 Taskforce's recommendations and make practical decisions about them, Finance Minister Bill English says.

"The Taskforce's report issued today raises some interesting ideas and challenges, which will hopefully generate constructive debate about options for improving New Zealand's economic performance.

"Having steered the economy through the recession in better shape than many had predicted, the Government is now focused on getting a step change in New Zealand's economic performance over the next three to five years.

"We must consider a range of options if we are to get the investment, economic growth and new jobs needed for that to happen.

"Having said that, this Government is pragmatic. And any decisions about key economic policies must meet the tests of fairness and equity.

"Where we specifically campaigned on doing certain things, we're not going to break our word."

Mr English notes that the 2025 Taskforce is one of several review groups that have already reported to the Government or will report back in the next month or so. The others cover regulatory responsibility, taxation, infrastructure and capital markets.

"As with the 2025 Taskforce, they have all gone about their work in a transparent way and encouraged public input," Mr English says. "The Government welcomes their contribution to policy debate.

"We will consider their ideas - and others - over coming months as we work towards making decisions for Budget 2010 and beyond."


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#1 - Steffan Cavill-Fowler 2009-12-01 15:28 - (Reply)

It appears to me that while this is economic in focus, the ideas stated in this report do not reflect the overall hurdles that face this nation up untill 2025. By using these ideas in a single context sounds possibily resaonable I do not believe that they will meet the required objectives. The main reason that New Zealand is behind Australia is that is is not as well supported in it's infrastructure and expertise as our neighbours across the tasman. Because they need specilist skills with the systems in place they are able to support getting staff with these high wages. This means getting broadband internet as fast as possible, build the fat in the system to handle change. Build value added products to market and take the produce as it grows. New Zealand needs to look at what type of nation as a group it wants to be and if they focus on that then they will become a better nation. By building a good foundation the government will allow business to tap on to the framework and build into the overseas markets. The government needs not cut spending if it is focused on infrastruture, The cullen fund could be used to help with this. Australia has this type of system in place why should we get rid of ours? It can build on what we have. If we leave ourselves too mcuh to market forces then we will not have consistant pricing (Look at petrol) and also outside forces choose our infrasturutre and service. This will be in thier best interst and not the governments and they will be come too weak to combat this.


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