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Here’s 10 ways our economic plan is helping New Zealanders get ahead:

  1. New Zealand’s economy grew by 3.6 per cent in the year to June 2016 – putting us in the top four performing OECD countries. Growth is expected to average around 3 per cent over the next three years.

  2. The average annual wage is now $58,000 – an increase of 25 per cent since National first came into office in 2008. Average wages are expected top $63,000 by 2020.

  3. Employment is growing – more than 300,000 jobs have been created since the depths of the global financial crisis and a further 170,000 people are forecast to be in work by 2020.

  4. Cost of living increases are low – annual inflation is just 0.2 per cent, well below average weekly wage increases of 2 per cent in the year to June.The manufacturing and services sectors – the engine rooms of the economy – are growing strongly. Services make up around 70 per cent of the economy, covering everything from retail to health, education, and financial services.

  5. The balance of payments deficit – the difference between what New Zealand earns and spends around the world – was 2.9 per cent of GDP in the year to June 2016 – well under half the deficit eight years ago.

  6. The Government has fulfilled its promise of returning to surplus. We inherited forecasts of never-ending deficits under Labour and in 2010/11 the deficit reached $18.4 billion. Through responsible fiscal management, we turned that around to surpluses of $414 million in 2014/15 and $1.8 billion in 2015/16.

  7. Government debt is now less than 25 per cent of GDP – well below the 60 per cent of GDP debt was projected to reach under policies inherited from Labour in 2008.

  8. Mortgage interest rates are remaining lower for longer lows than they did in 2008 when they reached nearly 11 per cent – helped by the Government’s responsible control of its spending. This is saving a family with a $300,000 mortgage almost $15,000 a year in interest costs.

  9. More Kiwis are voting with their feet and coming home – net migration from Australia to New Zealand has been positive over the past year. For the first time in nearly 25 years, we have recorded a net annual gain in migrants from Australia.

National will continue to focus on building a stronger, more prosperous New Zealand, with more jobs and higher incomes, and on helping families get ahead.

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