Northern Advocate
  • Northern Advocate home
  • Latest news
  • Business
  • Opinion
  • Lifestyle
  • Sport
  • Property
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Business
  • Opinion
  • Lifestyle
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Sport
  • Property
    • All Property
    • Residential property listings

Locations

  • Far North
  • Kaitaia
  • Kaikohe
  • Bay of Islands
  • Whangārei
  • Kaipara
  • Mangawhai
  • Dargaville

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Kaitaia
  • Whangārei
  • Dargaville

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Northern Advocate / Opinion

Michael Barnett: Let's see a hand-up for our regional economies

By Michael Barnett
NZ Herald·
25 May, 2016 08:40 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Opinion

With the exception of the dairy industry, this year's Budget will be delivered against a backdrop of strong demand for New Zealand products and services, strong tourism and migration, a large pipeline of construction projects, low interest rates and relatively full employment.

I'm also certain that Finance Minister Bill English will point with deserved pride to our success as one of the healthiest and fastest growing economies in the OECD over the period he has been in charge. Relative to many other countries, we are enjoying good times.

So as I delve into the Budget detail, I will be looking for evidence of what many businesses do when they are performing well - they search out areas in which to invest that will prolong the good times.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Increased health and education expenditure have become an annual Budget expectation.

But a strong case can be made for accelerated investment in tourism infrastructure, innovative areas of our agriculture sector, and other infrastructure - and doing so by targeting the regional economies, region-by-region.

In recent visits to a number of regions I have been struck by the high level of concern within business and local government sectors that they must avoid getting caught in the Auckland trap of failing to invest in critical infrastructure needed to cope with the city's fast growth.

Every region is experiencing growth, but what they all need is a platform that ensures - and builds local confidence - they have the critical infrastructure needed to exploit their respective opportunities.

As a successful country relative to many others, I would like to see some measured investment risk ploughed into our regions - Northland, Waikato, East Coast, West Coast and other regions.

Chief executive of the Auckland Chamber of Commerce Michael Barnett. Photo / Natalie Slade
Chief executive of the Auckland Chamber of Commerce Michael Barnett. Photo / Natalie Slade

Every region has an area in its economy with enormous potential for growth.

For some it is forestry, for others it is horticulture or aquaculture. Geothermal is a platform for innovation in the central North Island.

My point: To prolong New Zealand's good times, the regional economies must be lifted to become full participants in the New Zealand growth success story.

Small to medium enterprises (SMEs) are the backbone of our economy. Budget 2016 includes a tax package that makes paying taxes easier and more certain for SMEs while reducing the burden of interest and penalties.

Advertisement
Advertise with NZME.

We have also been given a strong signal that tax bracket creep will be addressed.

All these measures will be welcomed by business, as will the likely focus on the need for maintaining debt repayment.

Every region has an area in their economy with enormous potential for growth.

The pre-Budget 2016 signs point to a document that shows responsible management of the accounts.

That will go some way to reduce the burden of government, but is it enough to prolong the good times?

I suggest that as a country we are at a point where we need to take some risks to lift the performance of regions with growth potential.

That's the surprise that business - especially SMEs in the regions - deserve to see in this year's Budget.

Advertisement
Advertise with NZME.

Michael Barnett is chief executive of the Auckland Chamber of Commerce.

Save

    Share this article

Latest from Northern Advocate

Northern Advocate

Caregivers charged nearly 10 years after Kaikohe 4yo's mysterious death

Northern Advocate

The New Zealand towns gaining global acclaim for their beauty and charm

Northern Advocate

Police seek three men after man reportedly assaulted, ute stolen in Dargaville


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Latest from Northern Advocate

Caregivers charged nearly 10 years after Kaikohe 4yo's mysterious death
Northern Advocate

Caregivers charged nearly 10 years after Kaikohe 4yo's mysterious death

Alestra Kepa-Hati died in 2015 while in Erana and Walter Beneditos' care in Kaikohe.

18 Jul 12:24 AM
The New Zealand towns gaining global acclaim for their beauty and charm
Northern Advocate

The New Zealand towns gaining global acclaim for their beauty and charm

18 Jul 12:00 AM
Police seek three men after man reportedly assaulted, ute stolen in Dargaville
Northern Advocate

Police seek three men after man reportedly assaulted, ute stolen in Dargaville

17 Jul 11:17 PM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • The Northern Advocate e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Northern Advocate
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The Northern Advocate
  • The New Zealand Herald
  • The Northland Age
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • © Copyright 2025 NZME Publishing Limited
TOP