✨ Government Economic Policy Statement
But every age has its challenges. As a nation we are at a pivotal point
which requires all of us to face the social, economic and cultural issues
of our time. These issues must be resolved lest we hand on confusion to
the next generation.
HONOURABLE MEMBERS, the Government is committed to a radical
and lasting improvement in the performance of the New Zealand economy.
Fundamental changes were initiated in the last three years to begin the
process of reducing inflation, containing Government debt, creating
permanent jobs, providing more efficient Government services, and
building a fairer tax system.
The Government intends to strengthen and extend the work already done
to achieve those goals. In doing so, the Government commits itself to a
fairer and more equitable society.
From a better domestic economic base the Government will pursue
improved market access for New Zealand goods and services both on a
bilateral basis and in the new round of multilateral trade negotiations.
The 1988 review of the Closer Economic Relationship with Australia and
the renegotiation of our butter access to Britain are crucial issues for our
future trade and will be given special priority. The Government will
continue to give emphasis to the development of our primary industries
which earn more than 60 percent of our export income.
The reform of industry assistance will continue with the steady removal
of import licensing and the establishment of a revised tariff structure to
provide the best climate for the development of manufacturing and
processing industries.
Apart from changes affecting the distribution of petroleum, the
Government has completed the major legislative reforms it had planned
for the regulation of commerce. Subject to the satisfactory resolution of
some outstanding issues a Petroleum Sector Reform Bill will be
introduced.
The establishment of the new state-owned enterprises had already
demonstrated that substantial productivity gains can be achieved. The
Government intends to continue the process, including the transfer of
equity in some of the enterprises to the public. This will result in a better
use of productive resources and reduce the public sector debt burden.
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VUW Te Waharoa —
NZ Gazette 1987, No 159
NZLII —
NZ Gazette 1987, No 159
✨ LLM interpretation of page content
🏛️ Government Commitment to Economic Improvement
🏛️ Governance & Central AdministrationEconomic reform, Government debt, Inflation, Trade negotiations, Industry assistance, State-owned enterprises