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There has been a bit of coverage of the Government’s goal of catching up with Australian incomes recently. It’s not happening, say the stats.
The key thing to remember is that the target is not a 2011 target. It’s a 2025 target, and we’re doing a lot to work towards that.
The export sector is a key area. Commodities Australia exports, such as minerals, make up 70% of their exports and have doubled in price in the last five years. Our major export, dairy products, only makes up 20% of our total exports.
The only way we can permanently lift New Zealand’s economic growth is through considered and consistent reform and change, year after year.
The tax cuts coming in on October 1 will help. But this goal is not a sprint.
Eric Roy 