Budget 2014

Budget 2014 just crumbs on the table

Budget 2014 has not delivered on  an emerging Māori economy,” says Labours Māori Affairs Spokesperson Nanaia Mahuta.

“First this National-Maori party government cuts funding to New Zealand’s only Maori focused Centre of Excellence. Now we see a U-turn on funding and magically there is a ‘new policy initiative’ that will fund a Maori focused research centre. There isn’t even a guarantee that the funding will go to Nga Pae o te Maramatanga.

Government abandons making all New Zealand homes warm


The Budget has confirmed that National has virtually abandoned its programme of insulating cold and damp homes across New Zealand, says Labour’s Energy spokesperson David Shearer.

“As a result, the Energy Efficiency and Conservation Authority will cut 20 percent of its current staff and just $30 million a year will be allocated to fund home insulation.

“The Government’s previous $347 million programme had insulated over 230,000 homes, something that it frequently boasted about.

Budget fails to help Pacific people

~~There is nothing in this year’s Budget to address some of the basic challenges which are holding back the development and prosperity of Pacific communities in New Zealand, Labour’s Pacific Affairs spokesperson Su’a William Sio says.

“National has done nothing to help Pacific people earn higher wages, do better at school or own their own homes.

Missed opportunity to collect foreign home ownership data

The Government missed an opportunity in this year’s Budget to resource Statistics NZ to collect data on home ownership by overseas buyers, Labour’s Statistics spokesperson Raymond Huo says.

“The Government will not acknowledge something must be done about overseas home ownership pushing up property prices. National says the level of foreign ownership is unknown.

“However, its only flimsy argument for not collecting this data is that it would cost money.

The real health Budget numbers

This year’s Budget will put a real strain on New Zealand’s health sector, Labour’s Health spokesperson Annette King says.

“Health Minister Tony Ryall has hyped up the Budget, saying it is the biggest funding of the health sector to date.

“However when demographic and population changes are taken into account, it will actually put a massive extra strain on the health sector and district health boards.

Budget figures show deepening housing crisis

Treasury projections in the Budget predict worsening housing affordability and rising interest rates outstripping wage increases, underlining National’s abject failure to address the housing crisis, says Labour Leader David Cunliffe.

“Within five years, it will cost 63 per cent of the average full time wage to service an 80 per cent mortgage on an average home. Right now, it costs 49 per cent of the average full time wage.

“By failing to announce anything that will tackle the housing crisis, National has lit the fuse on a time bomb.

Sneaky tax surprise for tertiary graduates

Graduates are once again the losers in National’s Budget, this time with changes to student loan repayment thresholds, Labour’s Tertiary Education spokesperson Maryan Street says.

“National has a sneaky tax surprise for tertiary graduates. It has suspended inflation adjustments to the student loan repayment threshold for a further two years until April 2017.

National’s fudge-it budget doesn’t fix it

National’s fudge-it budget not only fudges the numbers, it glosses over the real problems Kiwi families have been facing for five years, Labour’s Finance spokesperson David Parker says.

“National has fudged the figures and achieved surplus through overcharging New Zealanders $120 million for ACC, pretending $375 million in transport spending is an interest free loan and cutting $567 million out of the Crown’s half share of local infrastructure from the Canterbury rebuild, despite the Council saying costs are increasing.

First home buyers can just whistle

This budget does nothing to address New Zealand’s acute housing crisis, says Labour Leader David Cunliffe.

“There is nothing here for first home buyers.

“Nothing to build a single new home.

“Nothing to make rentals warm and dry.

“Nothing to stop offshore speculators driving up prices.

“Kiwi first-home buyers could get a better deal from their mortgage broker than the paltry $3500 the Government is offering.

“Removing tariffs on wallboard to offset building costs will not even make a dent in the price of a house in Auckland.


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