From NZ Herald · · 2m
Green Party proposes $6b economic plan for 64,000 jobs
Green Party pledges $6 billion economic package to create 64,000 new jobs by 2026.
In brief
Green Party pledges $6 billion economic package to create 64,000 new jobs by 2026. Green Party announces $6 billion economic plan promising 64,000 new jobs over four years. Originally reported by NZ Herald.
Green Party economic plan
Green Party co-leaders Marama Davidson and Chlöe Swarbrick announce the Green Party’s vision for the economy and its innovation policy.
64,000 new jobs target
The policy promises 64,000 new jobs through an economic development plan worth nearly $6 billion over four years.
284,000 jobs projection
The policy claims the number of expected new jobs over the next four years will reach 284,000.
Investment boost tax deduction
Part of the policy rescores the Government’s investment boost tax deduction scheme to incentivise productive investment aligned with industry policy objectives, decarbonisation and decent work principles.
Labour's stance
Potential coalition partner Labour has committed to repealing Investment Boost.
Industry policy objectives
The policy would establish industry policy objectives linked fellowships for researchers and technical specialists and create a funding pathway for innovators to move from business experimentation through to validation, commercialisation and scaling.
Science funding restoration
The party would restore science funding to 3% of gross domestic product (GDP) and increase funding for tertiary research.
Public purchasing power
The policy includes using public purchasing power to support good New Zealand solutions.
Total cost
Combined, the policy would cost about $5.9b over four years.
Chlöe Swarbrick's statement
Co-leader Chlöe Swarbrick said, 'The Greens will not let New Zealanders be passengers in their own economy'.
“The Greens will not let New Zealanders be passengers in their own economy”
Marama Davidson's promise
Co-leader Marama Davidson promised to 'reignite our innovation system'.
“reignite our innovation system”
Policy implementation
The policy aims to drive higher wages, sustained research and innovation, better education, resilient infrastructure, healthy nature and a country New Zealanders can be proud of.
Economic impact
The policy claims to stimulate the economy and bring the number of expected new jobs over the next four years to 284,000.
Author background
Adam Pearse is the Deputy Political Editor and part of the NZ Herald’s Press Gallery team based at Parliament in Wellington.
The main idea
Green Party announces $6 billion economic plan promising 64,000 new jobs over four years.
