Coal for Christmas – more borrowing on the horizon
Wednesday, 15 November 2017, 2:06 pm
Press Release: New Zealand Taxpayers' Union
Coal for Christmas – more borrowing on the
horizon
15
NOVEMBER 2017
FOR IMMEDIATE
RELEASE
Grant Robertson’s fiscal plans
look to be exposed, with ANZ now forecasting $13 billion
more in Government borrowing than was projected in the
past Government's PREFU, says the New Zealand
Taxpayers' Union.
Taxpayers'
Union Economic Advisor, Joe Ascroft, says, “Grant
Robertson told Parliament yesterday he would be sticking
with the pre-election fiscal track, so why are ANZ’s
boffins coming up with such alarming numbers?”
“If ANZ are correct, the average household will be
saddled with nearly $8,400 additional Government debt
than was forecast in PREFU over the
next four years, and that’s before accounting for the
‘budget challenges’ that the Minister described in an
interview earlier this week.”
“The
Government’s pre-Christmas mini-budget was supposed to be
something to celebrate. But with cracks appearing, Mr
Robertson may be gearing up to deliver coal in taxpayers’
stockings.”
ENDS
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The New Zealand Taxpayers' Union is an independent activist group, dedicated to being the voice for Kiwi taxpayers in the corridors of power. It's here to fight government waste and make sure New Zealanders get value for money from their tax dollar. New Zealanders are invited to join and donate at http://taxpayers.org.nz
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