BusinessNZ chief executive Kirk Hope says a portion of the governments $7.5 billion surplus should be used to invigorate the weakening economy and improve business confidence.
“We would like to see a firm commitment to fast-tracking and executing infrastructure development which will help improve business confidence across the country.”
Mr Hope says the latest Mood of the Boardroom survey showed 85% of respondents think roads, ports, hospitals and mass-transport systems are in need of urgent attention.
“Infrastructure is battling to meet current demand and is falling further behind in regions that are thriving.”
Mr Hope says infrastructure is an enabler for a thriving and productive economy.
“We see today’s (October 8 2019) announcement of a surplus as a perfect pathway to overcoming infrastructure challenges.”