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"The GDP figure for September has finally put paid to the mutterings of the doom merchants," Finance Minister Michael Cullen said today.

"The Budget Policy Statement 2001 shows strong resilience in the Government's fiscal position," Finance Minister Michael Cullen said today.

"The December Economic and Fiscal Update 2000 shows New Zealand is well-placed to take advantage of favourable conditions for growth," Finance Minister Michael Cullen said today.

"The September balance of payments result was stronger than expected and the trend is toward a further steady improvement," Finance Minister Michael Cullen said today

Mr Speaker, I move that the New Zealand Superannuation Bill now be read a first time.

Mr Speaker, I move that the Injury Prevention and Rehabilitation Bill be read a first time. It is proposed that the Bill be referred to the Transport and Industrial Relations Select Committee.

Credit unions will retain their tax exemption for at least another three years following a Government decision to defer a review of their tax status until the end of 2002.

Finance Minister Michael Cullen today welcomed the National Party's decision to vote for the New Zealand Superannuation Bill at first reading.

The income level at which borrowers must start to repay student loans will rise from $14,768 to $15,132 next April.

We are now 17 days to Christmas. We can get this season's asparagus, new potatoes and strawberries in the shops.

"The Reserve Bank's projection that inflation will reach 3.8 percent in the current quarter and remain above the target band until mid next year indicates that the Policy Targets Agreement can cope with unexpected price shocks," Finance Minister Michael Cullen said today.

Revenue Minister Michael Cullen today welcomed the State Services Commission appointment of David Butler as the new Commissioner of Inland Revenue.

"The Crown Financial Statements to September showing the surplus running at more than twice budget forecasts cap a week of good economic news," Finance Minister Michael Cullen said today.

Prevention, rehabilitation and compensation - in that order
New accident compensation legislation, introduced to the House today, promotes prevention rather than cure.

IPR Bill is the second phase of the Government's commitment to building a first class, fair and sustainable scheme for reducing personal injury which upholds the unique principles of no-fault, 24 hour cover.

News and happenings from the Office of Hon Dr Michael Cullen

November 2000

Economic Healing

"The OECD review of the New Zealand economy projects growth of 3.5 percent this calendar year, 2.9 percent next year and 2.8 percent in 2002," Finance Minister Michael Cullen said today.

"The New Zealand Superannuation Bill is an opportunity to take super out of the political arena and to offer a much greater level of certainty to this and future generations of elderly," says Finance Minister Michael Cullen.

"The rebound in business confidence shown in the latest National Bank survey
suggests the winter of discontent is over and that the economy is in for a good summer," Finance Minister Michael Cullen said today.

ACC premiums are on the way down again, almost a year after the Government introduced legislation to remove private insurers from work place accident insurance.

Finance Minister Michael Cullen said the Cabinet had approved the appointments today.

The tax system needs to be better attuned to New Zealand's needs in a changing world economy, Revenue Minister Michael Cullen said today.

DR MICHAEL CULLEN SPEECH TO THE ANNUAL NATIONAL TAX CONFERENCE, WAIRAKEI RESORT HOTEL, TAUPO

"Either Mr English has completely failed to understand how the proposed New Zealand Superannuation Fund will work or he is being mischievous," Finance Minister Michael Cullen said today.