The Taxpayers’ Union is welcoming ACT’s fiscal plan, which brings the cash surplus forward a year and forecasts less borrowing, saying it sets the right challenge for other parties.
Taxpayers’ Union Head of Policy James Ross said:
“Finally, a fiscal plan that treats taxpayers’ money as a limited resource. ACT shows lower taxes, lower spending and lower debt can go together. Taxpayers should welcome a plan prepared to make savings rather than keep sending them a bigger bill.
“ACT deserves credit for proposing to lift the super age to 67 by 2035. Successive governments have left superannuation in the too-hard basket. Ducking the issue might be politically convenient, but it only leaves a bigger bill for later.
“ACT’s bureaucracy savings are especially welcome given this Government has removed fewer than 1,200 of the 18,000 public service roles Labour added. Our Trim the Fat guide shows most of that growth went into the back office. ACT is right to push for finishing the job.
“Even so, ACT could go further. Its savings are about a third of the $59 billion identified in our Back to Black plan, while bracket creep still costs a median earner more than $480 a year. Asset sales and recycling could bring debt down faster, but are absent from the plan.
“Still, ACT has set the right direction. With total government borrowings about to hit $300 billion this week, this has to be the debt election.”
ACT right to make this a debt election
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