Friday, February 11, 2011

Building a stronger economy

This year the National-led Government will continue building a brighter future for New Zealand.

Our next steps are to put the Government's finances in a stronger position so we don't need to borrow as much. We will continue to roll out our wider economic programme aimed at building stronger, enduring economic growth that raises New Zealanders' incomes.

We are working on two fronts to lower the cost of living for New Zealanders and their families. Our plan to borrow less will help keep prices and interest rates lower, and our economic programme will help build stronger growth and faster rising incomes.

On average, real after-tax wages have risen considerably faster than prices under this Government. After-tax wages have gone up 16 per cent, due to normal wage growth combined with the effect of the tax cuts, while inflation – the price of goods and services – has increased 6 per cent.

This year we will work to ensure after-tax wage growth continues to outstrip price increases.

More information: http://www.beehive.govt.nz/feature/statement-parliament-2011

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