Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Govt Surplus Blowout Matched by People’s Deficit

Government Surplus Blowout Matched by People’s Deficit

As the government’s surplus blowout reaches $8.8 billion and the government’s net worth increases $14.5 billion on last year, the people’s deficit with the rest of the world hits a staggering $11.9 billion”, says Alasdair Thompson, Chief Executive of the Employers & Manufacturers Association (Northern).

“This raises the question, “Is the government taking far more from the people than it needs – so much that the people are forced to go into debt with the rest of the world?”

“Or, put another way, the government is saving our money while the people borrow.

“But surely a significant tax cut would mean people would spend it on imports making the current account worse!

“Not necessarily - the people would sensibly pay off their credit cards, mortgages, hire purchase and other debts and then maybe begin saving. Until Dr Cullen learns to trust the people to do the sensible thing, he’ll continue to argue for big government surpluses at the people’s expense”, concluded Mr Thompson.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Tegel: Chicken Prices On The Rise But It’s Still The Favourite Protein For Kiwi Families

A combination of domestic and international factors is forcing New Zealand’s largest poultry supplier Tegel to raise its prices from July. The roughly 10% price rise is a result of ongoing cost pressures on the industry, including increases in labour... More>>

Hospitality NZ: Hospitality Wages Jump 9% To Pass Living Wage
Wages and salaries across the hospitality sector continue to increase despite businesses having to battle through some of the toughest trading periods in living memory... More>>

Climate Leaders Coalition: Launches New Statement Of Ambition, Appoints New CEO Convenor

The Climate Leaders Coalition is tonight officially launching a new Statement of Ambition to accelerate business action on climate change... More>>

MYOB: New Data Shows Increase In SMEs Experiencing Stress And Anxiety

The lingering impacts of the COVID-19 pandemic have led to a surge in the number of local SME owners and operators experiencing stress and anxiety, according to new research from business management platform, MYOB... More>>

Carbonz: Cashing In On Carbon: The New Marketplace Helping Native Forest To Thrive

The country’s first voluntary carbon credit marketplace, Carbonz, is here to restore native biodiversity and help Aotearoa reach its carbon zero goals by selling the first carbon credits exclusively from native forest... More>>
Entrust District: Dividend Will Be Welcomed After Another Tough Year
We’ve all heard of the saying; “if it sounds too good to be true, it probably is” but for Aucklanders within the Entrust District, getting their share of Entrust’s 2022 annual dividend payment really is as good as it sounds... More>>