lyndons_lyndon
Banned
December 18, 1996
Business of the Day
STATE ASSETS
IMMIGRATION
UNEMPLOYMENT BENEFITS
DEFICIT PROJECTION
INFLATION
JIM ANDERTON, LEADER OF THE OPPOSITION
Does the incoming NZ First government intend to clarify it's vague remarks about the purchase of shares in formerly State Owned Enterprises.
SPEAKER: The Rt Hon. Winston Peters.
RT HON. WINSTON PETERS: As we clearly campaigned on the prevention of State Asset Sales it would be difficult to expand on the members request. The Associate Minister of Finance made this clear in previous press conferences.
(Point of Order)
SPEAKER: Point of order, the Leader of the Opposition.
JIM ANDERTON, LEADER OF THE OPPOSITION:
Will the Minister of Finance also provide details on plans for reforming the tax system. And if so, how will it be structured.
SPEAKER: The Honourable Ron Mark.
RON MARK, MINSTER OF FINANCE:
As we have made it clear, we must first address the Goods and Services Tax as it has been detrimental to consumers and produces alike, in our economic package for the upcoming fiscal year we intend for it to be cut substantially.
SPEAKER: The Leader of the Opposition.
JIM ANDERTON, LEADER OF THE OPPOSITION:
Can he provide specific details on his upcoming budget in the next fiscal year?
RON MARK, MINSTER OF FINANCE:
I would like to inform the Leader of the Opposition that our fourth-coming economic policies are very much are a work in progress. ***INTERRUPTION***
SPEAKER: I request the Honourable members stop interjecting while the Minister is presenting his case. You may proceed - (MINISTER OF FINANCE).
RON MARK, MINSTER OF FINANCE:
As I was saying, the GST decrease from the rate of 12.5% will be implemented in the next budget i.e. the suggest 8.9% GST.
Business of the Day
STATE ASSETS
IMMIGRATION
UNEMPLOYMENT BENEFITS
DEFICIT PROJECTION
INFLATION
JIM ANDERTON, LEADER OF THE OPPOSITION
Does the incoming NZ First government intend to clarify it's vague remarks about the purchase of shares in formerly State Owned Enterprises.
SPEAKER: The Rt Hon. Winston Peters.
RT HON. WINSTON PETERS: As we clearly campaigned on the prevention of State Asset Sales it would be difficult to expand on the members request. The Associate Minister of Finance made this clear in previous press conferences.
(Point of Order)
SPEAKER: Point of order, the Leader of the Opposition.
JIM ANDERTON, LEADER OF THE OPPOSITION:
Will the Minister of Finance also provide details on plans for reforming the tax system. And if so, how will it be structured.
SPEAKER: The Honourable Ron Mark.
RON MARK, MINSTER OF FINANCE:
As we have made it clear, we must first address the Goods and Services Tax as it has been detrimental to consumers and produces alike, in our economic package for the upcoming fiscal year we intend for it to be cut substantially.
SPEAKER: The Leader of the Opposition.
JIM ANDERTON, LEADER OF THE OPPOSITION:
Can he provide specific details on his upcoming budget in the next fiscal year?
RON MARK, MINSTER OF FINANCE:
I would like to inform the Leader of the Opposition that our fourth-coming economic policies are very much are a work in progress. ***INTERRUPTION***
SPEAKER: I request the Honourable members stop interjecting while the Minister is presenting his case. You may proceed - (MINISTER OF FINANCE).
RON MARK, MINSTER OF FINANCE:
As I was saying, the GST decrease from the rate of 12.5% will be implemented in the next budget i.e. the suggest 8.9% GST.