FACTBOX: Main policies of the National govt

Published: 3:45PM Monday November 10, 2008 Source: National Party website / Reuters

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New Zealand's centre-right National Party will form the next government, after winning the largest share of the vote in the general election on November 8.

National said it will look to personal tax cuts and spending on key infrastructure projects including roads, schools and a broadband network to lift New Zealand out of its first recession in a decade.

A National government will run a broadly similar fiscal policy to the outgoing Labour-led government, with slightly smaller operating deficits and debt staying at current levels.

National supports the wholesale and retail deposit guarantee schemes introduced by the Labour-led government, to ensure the stability of New Zealand's financial system.

A multi-billion dollar fund will be established to pay for future superannuation payments and will be obliged to invest at least 40% of its balance in New Zealand.

Compulsory employer contributions to the state-sponsored retirement savings scheme, KiwiSaver, will be halved by National.

National is promising a tough stance on law and order, tightening parole and sentencing laws, cracking down on gangs and forcing the worst youth offenders to undergo military-style training camps.

National wants to improve the numeracy and literacy of school pupils, and will institute a national standard that all children will be measured against.

National would preserve Labour's emissions trading scheme, but make amendments to ease the load on businesses.

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