Fiscal costings | Asia Pacific Greens

Fiscal costings

Our full fiscal costings for our 2014 election priorities which show larger surpluses and pay down debt sooner than National.

Our full costings have been analysed by independent economic consultancy Infometrics.

Infometrics has found that not only will the Green Party run bigger surpluses than National, it will do this while also taking significant steps to advance their election priorities: reducing child poverty, making rivers and lakes safe enough to swim in again, and creating a smarter, greener economy.

The key points in our fiscal plan are:

  1. Run surpluses $2.2 billion larger than National by 2017/18;
  2. Gross Government Debt will be $6.6 billion lower than National by 2017/18;
  3. Investing $3.8 billion over the next three years to maintain real levels of spending in health, education, and environmental protection to reverse National’s major cuts to these areas;
  4. Use new savings and revenues to address growing inequality and lift hundreds of thousands of children out of poverty by 2017 with a $3.4 billion package of new social policies;
  5. Use new savings and revenues to make rivers and lakes clean enough to swim in again with a $218 million package of new environment policies;
  6. Use new savings and revenues to invest $1.4 billion into kick-starting the transition to a smarter greener innovation economy;
  7. Deliver modest income tax cuts to 97 percent of all New Zealand taxpayers through a climate tax cut, by making the first $2,000 of income tax free;
  8. Cut the company tax rate from 28 percent to 27 percent;
  9. Increase the top marginal income tax rate to 40 percent for all income over $140,000, with a matching increase in the trust tax rate;
  10. A further $2 billion worth of initiatives over three years to be announced before September 20.

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