The economy is recovering. But this recovery will be different from those we’ve had before.

It must be built on exports and investment, and not the debt and spending we saw over the past decade. That’s the only way to create the sustainable jobs and higher incomes that hard-working Kiwis deserve.

Because of this, the recovery might appear a bit patchy at times, as the global economy remains uncertain and as households and businesses pay off debt. So although things are looking up, some local families and firms will find the going tough.

On top of that, New Zealand’s recession started earlier than other countries and we have to work harder to shrug it off. Our exporting industries shrank between 2005 and 2010, when New Zealand spent too much and saved too little. 

So it’s going to take a lot to turn things around. And it won’t be a short-term job. It will need a relentless and long-term focus.

That’s why National has a comprehensive economic plan with six drivers to get faster economic growth, create jobs, and boost incomes. These drivers are:

• Strengthening our tax system,
• Providing better, smarter public services,
• Reforming regulations,
• Improving education and skills,
• Promoting business innovation and trade, and
• Investing in smart infrastructure.

We’ve already made good progress.

On 1 October, every earner will receive a tax cut. This will make the average family $25 a week better off after GST changes. Find out how the tax changes will affect you at www.taxguide.govt.nz.

We’re improving the frontline public services that you rely on – such as health, education, and law and order – and the way public assets are funded and managed.

We’re reforming regulations such as the Resource Management Act, the Building Act, and employment law to boost jobs and growth.

We’re lifting achievement in schools with National Standards and more frontline funding.

We’re working with businesses to add value to our exports through the Primary Growth Partnership and other science, research, and development projects.

And we’re unclogging the growth arteries by investing billions in roads, broadband, the electricity network, and rail, as well as upgrading schools, homes, and hospitals.

But this is just a start. You’ll see more announcements from the Government in the months ahead as we make ongoing improvements to get faster growth, create jobs, and boost incomes.

National knows that only a strong economy can provide financial security for families, real opportunity for young people, safer communities, and the high-quality education and health services that all New Zealanders need.

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