The OECD has confirmed New Zealand’s economic policies strike the right balance between supporting the recovery and ensuring sustainable medium-term growth.

In its Economic Survey of New Zealand for 2013, the OECD confirms the Government’s economic plan is on the right track.  It notes our work in improving productivity to support long-term growth, it confirms the banking system is in good shape and well supervised, and it supports our focus on getting back to surplus and reducing debt.

Reducing government debt will establish a favourable starting position for confronting longer-term cost pressures from an ageing population. It will also help raise national saving rates and reduce New Zealand’s external vulnerabilities.

It is a report that shows we are on the right track to create jobs, grow business through our Business Growth Agenda, and help Kiwis become better off.