🗳️ That the words after “That” be omitted and the following substituted: “this House has no confidence in the National Government because these Supplementary Estimates fail to redress the underlying problems and omissions from Budget 2009, which remain uncorrected by Budget 2010, namely the triple deficit of grossly inadequate national savings, made worse by the halving of KiwiSaver incentives and the indefinite deferral of New Zealand Superannuation pre-funding; a deep, persistent and dangerous current account deficit, driven by a growing net investment imbalance and a financial sector that is almost entirely foreign owned; and an innovation deficit made worse by scrapping the research and development tax credits and the Fast Forward Fund; resulting in increasing reliance on commodity trade that is highly exposed to price fluctuations.”

The ASSISTANT SPEAKER (Hon Rick Barker): We now come to an amendment moved by the Hon David Cunliffe. Read more →