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New Zealand General Election, 1993
The 1993 New Zealand general election was held on 6 November 1993 to determine the composition of the 44th New Zealand Parliament. Voters elected 99 members to the House of Representatives, up from 97 members at the 1990 election. The election was the last general election to use the first-past-the-post electoral system, with all members elected from single-member electorates. The election saw the governing National Party, led by Jim Bolger, win a second term in office, despite a major swing away from National in both seats and votes. The opposition Labour Party, despite a slight drop in their support, managed to make gains in terms of seats. The new Alliance and New Zealand First parties gained significant shares of the vote, but won few seats. Background Before the election, the National Party governed with 64 seats, while the opposition Labour Party held only 29. The 1990 election had been a major victory for the National Party, with the unpopular Fourth Labour Governmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand House Of Representatives
The House of Representatives is the sole chamber of the New Zealand Parliament. The House passes laws, provides ministers to form Cabinet, and supervises the work of government. It is also responsible for adopting the state's budgets and approving the state's accounts. The House of Representatives is a democratic body consisting of representatives known as members of parliament (MPs). There are normally 120 MPs, though this number can be higher if there is an overhang. Elections take place usually every three years using a mixed-member proportional representation system which combines first-past-the-post elected seats with closed party lists. 72 MPs are elected directly in single-member electoral districts and further seats are filled by list MPs based on each party's share of the party vote. A government may be formed from the party or coalition that has the support of a majority of MPs. If no majority is possible, a minority government can be formed with a confide ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Of Representatives (New Zealand)
The House of Representatives is the sole chamber of the New Zealand Parliament. The House passes laws, provides ministers to form Cabinet, and supervises the work of government. It is also responsible for adopting the state's budgets and approving the state's accounts. The House of Representatives is a democratic body consisting of representatives known as members of parliament (MPs). There are normally 120 MPs, though this number can be higher if there is an overhang. Elections take place usually every three years using a mixed-member proportional representation system which combines first-past-the-post elected seats with closed party lists. 72 MPs are elected directly in single-member electoral districts and further seats are filled by list MPs based on each party's share of the party vote. A government may be formed from the party or coalition that has the support of a majority of MPs. If no majority is possible, a minority government can be formed with a confidence an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ruth Richardson
Ruth Margaret Richardson (born 13 December 1950) is a New Zealand retired politician of the National Party who served as Minister of Finance from 1990 to 1993. Her 1991 budget, which she dubbed the "Mother of all Budgets", formed the catalyst for her party's economic reforms known in the media as " Ruthanasia". Richardson was a lawyer by profession. She was elected as the Member of Parliament (MP) for Selwyn in 1981. Following the National Party victory in the , Richardson was appointed as Finance Minister in the fourth National Government. She supported and carried on the free-market reforms initiated by the preceding Labour Government, and extended them in a significant way with the Fiscal Responsibility Act 1994. Richardon's economic restructuring, including privatisation of state assets and cuts to social welfare, contributed to New Zealand emerging from its fiscal problems. However, critics have noted the wide-ranging effects on New Zealand's social fabric including ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister Of Finance (New Zealand)
The minister of Finance, originally known as colonial treasurer, is a minister and the head of the New Zealand Treasury, responsible for producing an annual New Zealand budget outlining the government's proposed expenditure. The position is often considered to be the most important cabinet post after that of the prime minister. The current Minister of Finance is Grant Robertson. There are also three associate minister roles; they are currently held by David Parker, Megan Woods, and Kiri Allan. Responsibilities and powers One of the Minister of Finance's key roles involves the framing of the annual year budget. According to Parliament's Standing Orders, the Minister of Finance may veto any parliamentary bill which would have a significant impact on the government's budget plans. The Minister of Finance supervises the Treasury, which is the government's primary advisor on matters of economic and financial policy. As such, the Minister of Finance has broad control of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidy
A subsidy or government incentive is a form of financial aid or support extended to an economic sector (business, or individual) generally with the aim of promoting economic and social policy. Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs or as implicit subsidies. Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect ( tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical. The most common forms of subsidies are those to the producer or the consumer. Producer/production subsidies ensure producers are better off by either supplying market price support, direct support, or payments to factors of production. Consumer/consumption subsidies commonly reduce the price of goods and services to the consumer. For example, in the US at one time it was cheaper to b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tariff
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry. '' Protective tariffs'' are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Taxing imports means people are less likely to buy them as they become more expensive. The intention is that they buy local products instead, boosting their country's economy. Tariffs therefore provide an incentive to develop production and replace imports with domestic products. Tariffs are meant to reduce pressure from foreign competition and red ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatisation
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous national ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberalisation
Liberalization or liberalisation (British English) is a broad term that refers to the practice of making laws, systems, or opinions less severe, usually in the sense of eliminating certain government regulations or restrictions. The term is used most often in relation to economics, where it refers to economic liberalization, the removal or reduction of restrictions placed upon (a particular sphere of) economic activity. However, liberalization can also be used as a synonym for decriminalization or legalization (the act of making something legal after it used to be illegal), for example when describing drug liberalization. In economy and trade The Great Depression of 1929 made nations throughout the world realize that the wide gap between the economic theory and practice in determination of internal trade policy was the major cause of worldwide economic disaster. Therefore, a need for reviving the classical theory of trade by adhering to free trade policy was felt. The Bret ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1990 New Zealand General Election
The 1990 New Zealand general election was held on 27 October to determine the composition of the 43rd New Zealand parliament. The governing Labour Party was defeated, ending its two terms in office. The National Party, led by Jim Bolger, won a landslide victory and formed the new government. Background The Labour Party had taken office after defeating the National Party under Robert Muldoon in the 1984 election. David Lange became Prime Minister and Roger Douglas became Minister of Finance. The economic program outlined by Douglas was deeply unpopular with Labour's traditional supporters, however — deregulation, privatisation, and free trade, all opposed by the party's more left-wing members, were a key part of the so-called "Rogernomics" platform. This internal dissent was off-set somewhat by new social legislation and a strong stance against nuclear weapons. Labour was re-elected in the 1987 election with its parliamentary majority untouched, but the internal di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand First
New Zealand First ( mi, Aotearoa Tuatahi), commonly abbreviated to NZ First, is a nationalist and populist political party in New Zealand. The party formed in July 1993 following the resignation on 19 March 1993 of its leader and founder, Winston Peters, from the then-governing National Party. Peters had been the sitting Member of Parliament for Tauranga since 1984 and would use the electorate as the base for New Zealand First until consecutive defeats by National Party candidates in 2005 and 2008. His party has formed coalition governments with both major political parties in New Zealand: first with the National Party from 1996 to 1998 and then with the Labour Party from 2005 to 2008 and from 2017 to 2020. Peters has served on two occasions as deputy prime minister. New Zealand First takes a broadly centrist position on economic issues and a conservative position on social issues such as criminal justice. The party distinguishes itself from the mainstream political est ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alliance (New Zealand Political Party)
The Alliance was a left-wing political party in New Zealand. It was formed at the end of 1991 by the linking of four smaller parties. The Alliance positioned itself as a democratic socialist alternative to the centre-left New Zealand Labour Party. It was influential throughout the 1990s, but suffered a major setback after its founder and leader, Jim Anderton, left the party in 2002, taking with him several of its members of parliament (MPs). After the remaining MPs lost their seats in the 2002 general election, some commentators predicted the demise of the party. The Alliance stood candidates in the 2005 general election but won less than 1% of the party vote. It contested Auckland City Council elections under the City Vision banner, in concert with the New Zealand Labour Party and Green Party. The Alliance ran 15 electorate candidates and a total of 30 candidates on the party list in the 2008 general election, increasing its party vote marginally from that in 2005. It was der ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand Labour Party
The New Zealand Labour Party ( mi, Rōpū Reipa o Aotearoa), or simply Labour (), is a centre-left political party in New Zealand. The party's platform programme describes its founding principle as democratic socialism, while observers describe Labour as social-democratic and pragmatic in practice. The party participates in the international Progressive Alliance. It is one of two major political parties in New Zealand, alongside its traditional rival, the National Party. The New Zealand Labour Party formed in 1916 out of various socialist parties and trade unions. It is the country's oldest political party still in existence. Alongside the National Party, Labour has alternated in leading governments of New Zealand since the 1930s. , there have been six periods of Labour government under ten Labour prime ministers. The party has traditionally been supported by working class, urban, Māori, Pasifika, immigrant and trade unionist New Zealanders, and has had strongholds ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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