Both Labour And National Wasting Kiwis' Money
Wednesday 21 May 2008, 6:09PM
270 views
ACT founder and candidate the Hon Sir Roger Douglas today slammed Labour for effectively promising to increase government expenditure to the tune of more than $4 billion, as highlighted in yesterday’s media reports.
"Meanwhile, National has promised to keep Labour’s increased expenditure – and overspend an extra $1.5 billion on top," Sir Roger said.
"This additional expenditure is largely a waste of money and will add nothing to New Zealand’s growth.
"As ACT said more than two weeks ago, each and every New Zealand worker should receive $50 extra a week in the upcoming Budget.
"Ultimately this would result in two-three times the benefit to the nation than extra government expenditure would deliver – allowing us to afford more of such things as better roading, greater teachers and more life-saving medicines.
"Such a move would benefit New Zealand more than wasteful government expenditure. Wasteful expenditure will adversely impact on New Zealand’s productivity.
"On the other hand, if this money – around $50 a week – were given back to Kiwis, the impact on growth would be considerable," Sir Roger said.