Latest / The Kākā by Bernard Hickey
Borrowing $15b more to pay for $14.9b of tax cuts
TL;DR: My top six news of note on the morning of Thursday, March 28 include:
* The Government will have to borrow between $10 billion to $15 billion more than previously expected in order to make up for a slowing economy and to pay for $14.9 billion of tax cuts, according to economists for Westpac and ANZ.
* Despite growing calls from the Government’s usual supporters for delays to the tax cuts, Finance Minister Nicola Willis said Budget 2024 on May 30 would include ‘responsible and affordable’ income tax reductions.
* Former ACT Party leader Richard Prebble has called on the new Government…
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