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Could The Surplus Have Created Certainty?
Could The Surplus Have Created Certainty?
Congratulations to the Minister for a budget forecast surplus of $3.8 billion in 2003/04.
“These are 3.8 billion reasons why there should have been a tax cut and a bold investment programme to repair transport and energy infrastructure for driving a first world economy”, said Michael Barnett, Chief Executive of the Auckland Regional Chamber of Commerce & Industry.
“Such a strategy would have helped sustain the 4.4% growth rate predicted for this year. Instead, a too cautious Dr Cullen is planning to reduce growth to an average 2.8% over the next four years.”
“The numbers
clearly show Dr Cullen should be more confident of
businesses’ ability to create the increased wealth we all
agree NZ requires”, said Mr
Barnett.
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