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

© Scoop Media

New Zealand Taxpayers' Union

New Zealand's grassroots campaign for lower taxes and less government waste

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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