Coal for Christmas – more borrowing on the horizon

Press Release – New Zealand Taxpayers’ Union

Grant Robertsons 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.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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