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.
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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?
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?
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.
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?
Written By: - Date published: 7:56 am, June 15th, 2017 - 116 comments
The possible introduction of debt to income lending ratios will potentially have an enormous effect on New Zealand’s housing market.
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 …
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.
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.
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…
The server will be getting hardware changes this evening starting at 10pm NZDT.
The site will be off line for some hours.
Recent Comments