Regional economic activity positive

Thursday, December 10, 2015

Waitaki MP Jacqui Dean said economic activity in the Otago region continued strongly with the Government doing all that it could to support it.

“According to recent regional economic reports from both the ASB and ANZ, economic activity in the Otago region was positive.

“On the back of strong activity in the tourism sector, there has been growth in retail trade, residential and commercial construction and house prices.

“In moves to support businesses and households the Government has reduced taxes on work and saving, encouraging more jobs and investment, and increased take-home pay.

“We have controlled Government spending, which helps to keep pressure off interest rates, reduced ACC levies,  continued to roll out ultra-fast broadband and invested billions in roads.

“Nationally our economy grew by 2.4 per cent in the year to June 2015 – putting us in the top half of  developed economy growth rates, with growth expected to average around 2 to 2.5 per cent over the next three years.

“The Government’s focus remains on managing the its finances in a sensible and responsible manner, continuing to pay down debt, and building a more productive and competitive economy.

“This in turns will ensure regions like Otago continue to enjoy the positive economic activity that we have seen in recent months.”

 

Authorised by Jacqui Dean MP, 127 Thames Street, Oamaru