New Zealand Needs to Boost Productivity
Responding to the latest update to New Zealand’s GDP figures, Taxpayers’ Union Policy Adviser, James Ross, said:
“As New Zealand struggles under the cost-of-living crisis, the Government must focus on increasing productivity in order to grow the economy. The markets are still gloomy about our prospects over the next 18 months, and so cutting red-tape, reining in government spending and responsibly pruning the tax burden back are needed to attract investment and kick our country into gear.”
"Unsurprisingly, between the fall in prices at the farm gate and crippling red tape, primary industries have taken a big hit. High interest rates fuelled by this Government’s addiction to spending are putting even more pressure on farmers who have to worry about servicing debt rather than improving productivity.
“Warning after warning from the likes of the IMF keep falling on deaf ears in the Beehive as this Government chokes the country with its reckless overspending. With people getting poorer by the day, is it really any wonder that the hundreds of thousands of the skilled Kiwis we need to grow the economy have been forced to move overseas?”