Tag: Questions Of the Day

Questions & Answers – 18 August 2016

Press Release – Office of the Clerk 1. ALASTAIR SCOTT (NationalWairarapa) to the Minister of Finance : What international reports has he received on the state of the New Zealand economy?• ORAL QUESTIONS QUESTIONS TO MINISTERS Economy—Reports 1. ALASTAIR SCOTT (National—Wairarapa) to the Minister of Finance: What international reports has he received on the state of the New Zealand economy? Hon BILL ENGLISH (Minister of Finance): Last week Fitch Ratings affirmed New Zealand’s AA rating, which indicates “very strong capacity” for [honouring] our financial commitments” and confirmed the outlook as stable. Fitch pointed to improved growth prospects, sound public finances, and highlighted New Zealand’s strong macroeconomic policy framework. The report is international recognition for New Zealand as a safe and stable place to do business. Alastair Scott: What else does Fitch Ratings say about the New Zealand economic outlook? Hon BILL ENGLISH: Fitch has lifted its forecasts for economic growth in New Zealand to around 2.7 percent over the next 2 years—a bit lower than recent Reserve Bank forecasts—but they all show moderate growth of 2 to 3 percent over the next 3 to 4 years, which compares favourably with most economies and shows prospects for more jobs and higher incomes. Fitch says that the positive outlook for the New Zealand economy is supported by the lift in services exports—that is mainly tourism—construction activity, and stronger than expected net...

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Questions & Answers – 17 August 2016

Press Release – Office of the Clerk 1. Rt Hon WINSTON PETERS (LeaderNZ First) to the Prime Minister : Does he stand by all his statements; if so, how?• ORAL QUESTIONS QUESTIONS TO MINISTERS Prime Minister—Statements 1. Rt Hon WINSTON PETERS (Leader—NZ First) to the Prime Minister: Does he stand by all his statements; if so, how? Rt Hon JOHN KEY (Prime Minister): Yes, with one clarification: when I said yesterday that the numbers of people who come to New Zealand and claim refugee status or asylum are significantly fewer under this Government than when the Rt Hon Winston...

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Questions & Answers – 5 July 2016

Press Release – Office of the Clerk 1. DAVID BENNETT (NationalHamilton East) to the Minister of Finance : What recent announcements has the Government made to accelerate the supply of new housing where it is needed the most?• ORAL QUESTIONS QUESTIONS TO MINISTERS Housing—Supply 1. DAVID BENNETT (National—Hamilton East) to the Minister of Finance: What recent announcements has the Government made to accelerate the supply of new housing where it is needed the most? Hon BILL ENGLISH (Minister of Finance): On Sunday the Prime Minister announced a new $1 billion Housing Infrastructure Fund to help bring forward the new...

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Questions and Answers – 15 June 2016

Press Release – Office of the Clerk 1. CHRIS BISHOP (National) to the Minister of Finance : What reports has he received on the outlook for the New Zealand economy?1. Economic Outlook—Reports [Sitting date: 15 June 2016. Volume:715;Page:2. Text is subject to correction.] 1. CHRIS BISHOP (National) to the Minister of Finance: What reports has he received on the outlook for the New Zealand economy? Hon PAULA BENNETT (Associate Minister of Finance) on behalf of the Minister of Finance: Yesterday the New Zealand Institute of Economic Research (NZIER) released its consensus forecasts. NZIER reports a lift in growth expectations...

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Questions and Answers – 12 April 2016

Press Release – Office of the Clerk 1. ANDREW LITTLE (Leader of the Opposition) to the Prime Minister : Does he stand by all of his statements in relation to the Panama Papers?Questions for oral answer 12 April 2016 1. Panama Papers—Prime Minister’s Statements [Sitting date: 12 April 2016. Volume:712;Page:2. Text is subject to correction.] 1. ANDREW LITTLE (Leader of the Opposition) to the Prime Minister: Does he stand by all of his statements in relation to the Panama Papers? Rt Hon JOHN KEY (Prime Minister): Yes. Andrew Little: Does he accept that the Panama Papers show that New Zealand – based foreign trusts are being used, at the very least, for tax avoidance? Rt Hon JOHN KEY: No, I have not seen the Panama Papers, so I cannot comment on whether that is the case or not. Andrew Little: Why did he limit the tax dodging review to only the operation of the law in respect of foreign trusts in New Zealand, and not, for example, the law around portfolio investment entity funds and tax paid by multinationals? Rt Hon JOHN KEY: I think the review being undertaken by John Shewan will be quite comprehensive when it comes to disclosure and the issues around tax. Where that will ultimately go is a matter of us working with the OECD, and our officials are going to Paris on Wednesday...

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