ITANZ chief Jim O’Neill sees this year’s Budget as like a game of gridiron football, more a matter of positioning than scoring.
“Everyone rushes about for a few minutes and you see these detailed statistics – so-and-so ran four metres and caught two balls; but the score’s still nil-nil.”
Similarly, with the Budget, “it was good to see more money for research and development, and for school IT, but it was a bit ho-hum. The taskforce progress was good to see; it’s all good seeding, but nothing that puts runs on the board.”
What would he have liked to see?
“It would have been nice to have tax incentives to provide a widespread stimulus to the industry. Money for Industry New Zealand and so forth is all very well, but a lot of that stuff remains in government.
“To sum it up, it was quite a good neutral Budget.”
Tuanz head Ernie Newman declines comment on behalf of his organisation.
“It’s outside our scope, really; we don’t comment on macroeconomic issues.”