The Treasury is forecasting the Christchurch earthquake will slow economic activity and the Finance Minister says the forecast 11-billion dollar Budget deficit this year will also climb.
The Treasury is forecasting the Christchurch earthquake will slow economic activity, taking about 15 billion dollars out of the economy over the next five years.
The large aftershock rattled nerves in Christchurch last night but it was not the destructive earthquake that had been predicted by self-styled quake forecaster Ken Ring.
Questions to Ministers 1. Hon PHIL GOFF to the Prime Minister: In stating that "this Government introduced a balanced package of tax cuts" was he saying that his tax changes and the tax system are fair to all New Zealanders? 2. LOUISE UPSTON to the Minister of Finance: What will be the main objectives of Budget 2011 tomorrow? 3. Hon ANNETTE KING to the Prime Minister: When he said "in most cases the tax switch more than compensated people for the increase in GST", in which cases hadn't people been fully compensated? 4. JOHN BOSCAWEN to the Prime Minister: Does he stand by the statement he made in his post-Cabinet press conference on Monday that "Everyone needs to understand that what Don Brash is talking about is hardcore"; if so why? 5. Hon DAVID CUNLIFFE to the Minister of Finance: What is the total impact on the operating balance, over the forecast period, of the fiscal impact of the tax changes in Budget 2010 according to page 70 of the 2010 Budget and Economic Fiscal Update, and how does he reconcile that with the Prime Minister's statement in the House yesterday that "National's tax plan 2010…was fiscally neutral"? 6. ALLAN PEACHEY to the Minister of Corrections: What reports has she received about the first year of container units being used in New Zealand prisons? 7. RAHUI KATENE to the Minister for Communications and Information Technology: What was the motivation behind the decision to remove regulatory forbearance from the Telecommunications (TSO, Broadband, and Other Matters) Amendment Bill? 8. JACINDA ARDERN to the Minister for Canterbury Earthquake Recovery: Does he stand by the Prime Minister's statement in relation to Christchurch that "it looks like the residential rebuild alone will require up to 12,500 full-time workers", if not, how many full-time workers does he believe will now be needed? 9. Hon TAU HENARE to the Minister for Social Development and Employment: What recent announcements has she made to support community social services? 10. CLARE CURRAN to the Minister for Communications and Information Technology: What is the best estimate of the additional cost to the Crown of the change he announced to the ultrafast broadband network this morning? 11. TIM MACINDOE to the Minister of Housing: What recent announcements has he made regarding the Government's Housing Innovation Fund? 12. GARETH HUGHES to the Acting Minister of Energy and Resources: What is her response to the statement of leading scientist and NASA director Dr James Hansen, currently touring New Zealand, that "coal is the single greatest threat to civilisation and all life on our planet" and we should leave it in the ground?
Questions to Ministers 1. PESETA SAM LOTU-IIGA to the Minister of Finance: What progress has the Government made in building a more competitive economy and getting on top of New Zealand's longstanding reliance on foreign debt? 2. Hon PHIL GOFF to the Prime Minister: Does he have confidence in his Minister of Finance? 3. KEVIN HAGUE to the Prime Minister: Does he stand by all his statements regarding the safety of mining in New Zealand; and does he consider his Government has met all its responsibilities arising out of the Pike River mine disaster? 4. Hon DAVID CUNLIFFE to the Minister of Finance: What are the latest official forecasts for the current account balance and the net international investment position over the next four years under his Government's policies? 5. JONATHAN YOUNG to the Minister of Justice: What progress has been made on the development of alternative court processes for child witnesses? 6. Hon CLAYTON COSGROVE to the Minister of Finance: In light of his statement yesterday regarding foreign-owned assets that "we need to generate the kind of savings that will help New Zealand buy back those assets", is it still the Government's policy to sell State assets if it is re-elected, given that up to 30 percent of the shares he proposes selling could go to overseas buyers? 7. Hon JOHN BOSCAWEN to the Minister of Finance: Does he think that implementing the 2025 Taskforce's recommendations in November 2009 would have avoided New Zealand's double credit downgrade; if not, why not? 8. GRANT ROBERTSON to the Minister of Health: Has he been advised of a reduction in funding for home-based health support services in the Wellington region? 9. TIM MACINDOE to the Minister of Corrections: Has she received any progress reports on the implementation of the Government's Prisoner Skills and Employment Strategy? 10. STUART NASH to the Minister of Finance: By how many percent has the GDP per capita gap between Australia and New Zealand widened since his Government took office? 11. NIKKI KAYE to the Minister for Communications and Information Technology: How many schools will benefit from ultra-fast broadband in the first year of the roll-out? 12. BRENDON BURNS to the Minister for Canterbury Earthquake Recovery: Does he stand by all of his statements on Canterbury's earthquake recovery? Questions to Members 1. SU'A WILLIAM SIO to the Chairperson of the Social Services Committee: Will she call a meeting to consider the Inquiry into the identification, rehabilitation, and care and protection of child offenders; if not, why not?
Questions to Ministers 1. JACQUI DEAN to the Minister of Finance: What reports has he received on the economy? 2. Hon PHIL GOFF to the Prime Minister: Will he rule out making cuts to Working for Families payments this year; if not, why not? 3. TIM MACINDOE to the Minister for Social Development and Employment: What changes is the Government making to Family Start to ensure a greater focus on protecting children from abuse and neglect? 4. Hon ANNETTE KING to the Minister for Social Development and Employment: Does she agree with the Prime Minister that "anyone on a benefit actually has a lifestyle choice…some make poor choices, and they do not have money left"? 5. KANWALJIT SINGH BAKSHI to the Minister of Civil Defence: Did he meet with business leaders in Christchurch yesterday to discuss the Civil Defence state of national emergency operations; if so, what was the outcome of that meeting? 6. Hon DAVID CUNLIFFE to the Minister of Finance: Who was right, the Prime Minster who predicted that the New Zealand economy would grow "reasonably aggressively" in 2010-11, or the last four quarterly NZIER consensus forecast updates for GDP, which have progressively declined from 3.2 percent to just 0.8 percent for the year to March 2011? 7. Dr RUSSEL NORMAN to the Minister of Finance: Which response to the Christchurch earthquake carries a greater risk of a credit downgrade: increased government borrowing or a temporary earthquake levy? 8. PHIL TWYFORD to the Minister of Local Government: When he said "Auckland's fragmented governance has meant a lack [of] leadership and vision, but soon its leaders will be able to think regionally, plan strategically and act decisively", did he mean only if they agree with the Government's plan for Auckland? 9. JO GOODHEW to the Minister of Education: What were the results of the Accelerating Learning in Mathematics Pilot Study? 10. Hon DAMIEN O'CONNOR to the Minister for Biosecurity: Does he agree with the statements made by John Lancashire and Stew Wadey, President of Waikato Federated Farmers, in the Dominion Post yesterday that New Zealand is exposed to greater risk of incursions or exotic pests at our borders as a result of the "fast-tracking of tourists", the "attempts to abolish import restrictions", and his axing of 60 frontline border staff? 11. MICHAEL WOODHOUSE to the Acting Minister of Energy and Resources: What reports has she received on levels of renewable electricity generation? 12. CHRIS HIPKINS to the Minister for ACC: Does he stand by his answer to question 4 on Thursday last week "that funding will be taken from either the earners account or the work account" and "that a higher proportion of claims than the overall average for ACC are actually in the work account"; if not, why not?
Questions to Ministers and lt;br / and gt; and lt;br / and gt; 1. Hon ANNETTE KING to the Prime Minister: Is he satisfied that all systems set up pursuant to commitments he has given to assist residents following the Christchurch earthquake are appropriate and working? and lt;br / and gt; and lt;br / and gt; 2. DAVID BENNETT to the Minister of Finance: What do this morning's Reserve Bank economic forecasts show? and lt;br / and gt; and lt;br / and gt; 3. Hon DAVID CUNLIFFE to the Minister of Finance: By what amount has the Reserve Bank lowered the official cash rate today, and what reason has the Bank given for this action? and lt;br / and gt; and lt;br / and gt; 4. GARETH HUGHES to the Minister of Finance: What will be the impact of the recent fuel price rise on the New Zealand economy, including impacts on GDP, consumer spending and the current account? and lt;br / and gt; and lt;br / and gt; 5. Hon DAVID PARKER to the Acting Minister for Economic Development: Has he been advised by the Prime Minister whether his appointment as Acting Minister for Economic Development is temporary or expected to carry on to the election? and lt;br / and gt; and lt;br / and gt; 6. KATRINA SHANKS to the Minister of Transport: What action is the Government taking to improve Wellington's train network? and lt;br / and gt; and lt;br / and gt; 7. Hon DAMIEN O'CONNOR to the Prime Minister: Can he assure the families of those killed in the Pike River Mine disaster that Government funding will be available for the recovery of bodies, given the mine is now in receiver's hands. and lt;br / and gt; and lt;br / and gt; 8. COLIN KING to the Minister of Civil Defence: Is the Government satisfied with the provision of replacement toilets for earthquake-affected Christchurch residents? and lt;br / and gt; and lt;br / and gt; 9. CAROL BEAUMONT to the Minister of Women's Affairs: Can she outline a significant improvement for women initiated by the current Government? and lt;br / and gt; and lt;br / and gt; 10. ALLAN PEACHEY to the Minister of Education: What provisions have been made to ensure continuity of early childhood education and schooling in the Christchurch region since the 22 February earthquake? and lt;br / and gt; and lt;br / and gt; 11. Hon TREVOR MALLARD to the Minister for Communications and Information Technology: What advice did he receive on any perceived conflict of interest before he took part in the Cabinet decision that led to the deferral of the requirement for MediaWorks to pay its frequency licence to the Crown? and lt;br / and gt; and lt;br / and gt; 12. KANWALJIT SINGH BAKSHI to the Minister of Internal Affairs: What reports has he received on the progress of urban search and rescue and firefighter teams working in Christchurch following the 22 February earthquake?