Another week of expensive election promises typifies the penultimate weekly Bribe-O-Meter update. The Green Party and TOP are this week’s big movers, each with over $3 billion in new spending announced in the past seven days. Other m
overs include New Zealand First (a further $1.5 billion) and the National Party ($500 million). The Labour Party are up just $100 million, now with total spending of $22.9 billion over the next three years.
The Green Party has promised to pay the forestry sector an aggregate $630 million per year by 2020, as well as a $990 million universal payment to all working-age New Zealanders, or $250 per person. These two new spending proposals will be funded from a charge on pollution. In addition, the Green Party will establish a Climate Commission at an estimated operating cost of $6 million per year. This brings total Green Party spending over the next parliamentary term to $13.3 billion, which is equivalent to $7,703 per person.
TOP has proposed to hand out $1 billion in unspecified subsidies for fruit and vegetables, to be funded from a 20 percent tax on all junk food. The sum of TOP’s new spending is now $13.7 billion over three years or $7,939 per household.
New Zealand First has pledged to increase SuperGold Card entitlements by $800 to $1,000 per person per year. With a growing super-annuitant population, currently about 650,000 people, this policy will cost the Crown more than $500 million per year. New Zealand First spending now totals $27.5 billion over the next three years or $15,967 per household.
The National Party has proposed a $74 million per year boost in subsidies for first-home buyers, $180 million in additional funding for elective surgeries over three years, and $57 million toward a specialist mental health facility in Christchurch. National has now promised $8.2 billion, or $4,736 per household, over the next parliamentary term.
Transparency Rating
As part of the Bribe-O-Meter, our economic staff have assessed political party's transparency across policy detail and cost and given each a score out of five (see below). The most transparent party has been National. The least transparent is NZ First, closely followed by the Māori Party.
Click here to visit the 2017 election Bribe-O-Meter
Key Findings (As of 9am 12 September):
- National has promised $8.2 billion in new spending over the next parliamentary term. This equates to $4,736 per household.Transparency rating: 5/5
- Labour has promised $22.9 billion in new spending over the next parliamentary term. This equates to $13,287 per household. Transparency rating: 4/5
- The Green Party has promised $13.3 billion in new spending over the next parliamentary term. This equates to $7,703 per household. Transparency rating: 4/5
- NZ First has promised $27.5 billion in new spending over the next parliamentary term. This equates to $15,967 per household. Transparency rating: 0/5
- ACT has promised $2.4 billion in savings over the next parliamentary term. This equates to $1,407 in savings per household. Transparency rating: 3/5
- The Māori Party has promised $12.2 billion in new spending over the next parliamentary term. This equates to $7,060 per household. Transparency rating: 1/5
- The Opportunities Party has promised $13.7 billion in new spending over the next parliamentary term. This equates to $7,939 per household. Transparency rating: 4/5
