Economic & Fiscal Plan

 

National’s Economic and Fiscal Plan will put more money into Kiwis’ pockets while also encouraging businesses to invest and create more jobs.

Responsible economic management has been a hallmark of successive National Governments, and our commitment to continue increasing investment in core public services.

We will invest more in education, health, social development and infrastructure while leaving $10.2 billion in operating allowances over the next four years to deal with future cost pressures.

National’s plan has been reviewed by NZIER, which said in its report that all fiscal commitments were within proposed spending allowance levels, with $10.2 billion in unallocated fiscal headroom over the next term of Government.

National’s pathway to reducing government debt involves a more disciplined approach to day-to-day new spending, suspending Super Fund contributions, eliminating wasteful spending like Fees-Free and KiwiBuild, and benefiting from the subsequent reduction in finance costs.

Our projections show we can return debt back to 36 per cent of GDP by 2034 compared to the PREFU forecast of 48 per cent.

The choice for voters this election is clear: higher taxes and more government programmes under Labour and the Greens, or more money in their pockets under National.

National’s goal is to build a strong economy that provides a good standard of living for all New Zealanders and opportunities for future generations.

The best path back to prudent debt levels is through an absolute focus on economic growth and disciplined spending, not higher taxes.

You can read a copy of National's Economic & Fiscal Plan here.

You can view a copy of NZIER's Policy Costing Review here.