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Budget Smudgeit

Written By: - Date published: 2:43 pm, May 30th, 2024 - 80 comments

Early comments on the budget. Basically tax cuts are being paid by more borrowing. There is no way this can be described as being fiscally neutral.

The Liz Truss of the South Seas

Written By: - Date published: 9:43 am, April 21st, 2024 - 35 comments

Liz Truss’s short reign as UK Prime Minister foundered after her budget requiring borrowing to fund tax cuts was released. The budget tanked the UK economy and caused Truss’s resignation. This week amongst announcements of massive cuts it has emerged that the Government is also planning borrowing for tax cuts.

Where are National’s costings?

Written By: - Date published: 9:52 am, September 16th, 2023 - 19 comments

Despite repeated analysis that its policies do not add up National is refusing to release the costings behind its policies.

National is devastated as PREFU is better than expected

Written By: - Date published: 9:17 am, September 13th, 2023 - 26 comments

National has reached new levels of excessive hyperbole in response to the PREFU release which was better than expected.

National's Policy Machine is a thing to behold

Written By: - Date published: 12:06 pm, May 16th, 2023 - 99 comments

National’s latest policy brainstorm is to print out and mail to every taxpayer information they could obtain by using Google and MyIRD.

Even more proof that Conservatives are not good economic managers

Written By: - Date published: 11:44 am, September 29th, 2022 - 61 comments

There has been this carefully crafted illusion that conservative politicians are somehow better with the finances than progressive politicians.  Recent events in the United Kingdom suggest that this illusion is terribly misplaced.

The Goldilocks budget

Written By: - Date published: 9:25 am, May 20th, 2022 - 24 comments

How was the 2022 budget?  Was it the worst since Ruth Richardson’s mother of all budgets or the best since the first Labour Government gave everyone a Christmas bonus in 1935?

Act’s scorched earth proposal

Written By: - Date published: 12:29 pm, May 11th, 2022 - 41 comments

Act has publicly released its proposal to decimate the state should it have a say in the next Government.  Its Real Change Alternative Budget may be wet dream inducing for Ayn Rand acolytes but for the rest of us the proposals should instill a deep sense of dread.

The country’s books are in remarkably good shape

Written By: - Date published: 8:44 am, December 16th, 2021 - 79 comments

As the country rebounds out of partial lockdown the Treasury’s recently released half yearly Economic and Fiscal update suggests that the Country’s accounts are in remarkably good shape.

The end of Ruthenasia

Written By: - Date published: 8:03 am, May 21st, 2021 - 61 comments

National presented a particularly glum picture in Parliament yesterday.  And it was not only the realisation that Judith Collins is out of her depth. It was because this budget spells the end of Ruthenasia.

Government Control at Air New Zealand

Written By: - Date published: 7:12 am, April 14th, 2021 - 67 comments

The New Zealand government has just increased its loan to Air New Zealand to a $1.5 billion total, and there’s a catch.

The Very, Very Lucky Country

Written By: - Date published: 8:18 am, February 17th, 2021 - 5 comments

While Australia is rightly branded The Lucky Country, it looks like we can reasonably be called the Very, Very Lucky Country.

Must New Zealand Pay Back All This Public Debt?

Written By: - Date published: 9:34 am, December 20th, 2020 - 22 comments

Without much fanfare, Minister Robertson has used 2020’s crisis to bury the historic scourge of monetarism and within it the excuses of the governments that used it as a pretext to sell off our key government income generators.

Things that will live

Written By: - Date published: 10:58 am, June 19th, 2020 - 14 comments

Despite downbeat economic predictions and an imminent global recession, the New Zealand recovery offers opportunities for entrepreneurial success that exceed anything we’ve seen for decades.

dear sysop: on covid-19 debt

Written By: - Date published: 3:33 pm, April 25th, 2020 - 60 comments

We put in guest posts occasionally.  These days I’m the person who runs the email account and sees the general ones. Mostly I don’t give any feedback as much as anything else because a lack of time. But I should. This is the first to get that editorial attention. The topic itself is worth discussing. What is the process of raising debt for the cobid-19 economic response.

National created more working groups than Labour

Written By: - Date published: 8:00 am, January 18th, 2020 - 31 comments

The Herald has reported that National in its first two years of Government created *more* working groups than Labour.

Labour’s infrastructure spend announcement

Written By: - Date published: 12:06 pm, December 1st, 2019 - 35 comments

Is the Government commitment to the budget responsibility rules weakening? Because at the Labour Party Conference Grant Robertson has indicated that the Government will shortly announce a big capital spend on infrastructure.

Common-wealth Government

Written By: - Date published: 8:14 am, November 18th, 2019 - 16 comments

Advantage is testing an idea out. What will a common accountability framework for the government look like?

Should the Government spend massively more?

Written By: - Date published: 3:18 pm, August 8th, 2019 - 58 comments

With yesterday’s announcement by the Reserve Bank to cut interest rates by 1%, some are suggesting that the government should embark on a massive public works spree to stimulate the economy while increasing national debt at low interest rates.  But Kiwisaver reform may be more effective.

Farewell Mr Makhlouf

Written By: - Date published: 12:39 pm, June 13th, 2019 - 46 comments

Gabriel Makhlouf will be remembered because of events surrounding the unauthorised access of Treasury information by National. History should result in him being remembered for more positive things, like the creation of a new framework that has restructured how the government spends public money from the ground up.

The Attack of the Snowflakes

Written By: - Date published: 7:00 am, June 4th, 2019 - 119 comments

National is playing the innocent victim of Budgetgate whilst being the aggressive attacker all along.

The Reserve Bank Reform Bill

Written By: - Date published: 7:23 am, December 7th, 2018 - 11 comments

The Government is planning changes to the Reserve Bank Act to require it to seek full employment. Maybe it is time for a dramatic change to its powers so that it has the regulatory powers to properly deal with the Australian banks.

Public Service Reform

Written By: - Date published: 4:30 pm, September 6th, 2018 - 27 comments

For a country the size of Melbourne, we have a ridiculously complex state, and this layer of accountablility is largely a complete waste of our taxpayer money and degrades our agency as citizens.  Can we do better?

Australia and New Zealand budget days

Written By: - Date published: 7:47 am, May 7th, 2018 - 23 comments

Isn’t it time we at least synchronized the New Zealand budget with the Australian budget?

Does this Government have the money to deliver?

Written By: - Date published: 9:51 am, April 30th, 2018 - 76 comments

I’m sure all revealed at Budget 2018, but the financial management of this government is not surefooted.

Why be a public servant?

Written By: - Date published: 1:16 pm, July 20th, 2017 - 28 comments

Today thousands of IRD workers face the prospect of losing their jobs while two MOT workers who lost their jobs for whistle blowing are vindicated.  Who would be a public servant?

Debt to Income Loan Limits

Written By: - Date published: 7:56 am, June 15th, 2017 - 116 comments

this is not the hope you were looking for

The possible introduction of debt to income lending ratios will potentially have an enormous effect on New Zealand’s housing market.

Key’s Blind Trust vs Our Blind Faith

Written By: - Date published: 4:19 pm, April 29th, 2016 - 29 comments

So Key’s lawyer reckons the PM directly requested that trust industry leaders lobby the Revenue Minister. On the other hand, PM DunnoKeyo reckons he did no such thing. That leaves some really big questions …

Who is ultimately responsible for NZ’s massive dairy farm debt?

Written By: - Date published: 1:11 pm, March 12th, 2016 - 82 comments

People talk of excessive borrowing in the dairy sector. Of course, the real problem is that of excessive lending.

The great big list of John Key’s big fat lies (UPDATED)

Written By: - Date published: 7:00 am, January 27th, 2016 - 79 comments

How many more lies will John Key tell today in his so-called State of the Nation address? Virtual chocolate fish to whomever guesses the closest number.

Nats failing Christchurch and lashing out at Treasury

Written By: - Date published: 7:02 am, December 1st, 2015 - 128 comments

A Treasury report calls the Christchurch rebuild plan “unachievable”. Gerry Brownlee immediately springs in to action – attacking Treasury. Christchurch deserves better than this…

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