Latest / The Kākā by Bernard Hickey
'The cuts will continue until the economy improves'
Morena. Long stories short on Wednesday, December 4, with more detail and analysis in the podcast above:
* Health Minister Shane Reti says spending cuts will continue for an extra year into 2027 because of a delay in Health NZ achieving a ‘surplus’.
* Finance Minister Nicola Willis can’t supply a select committee with evidence austerity works to grow economies.
* The actual evidence via the OECD, IMF and World Bank shows budget cutting doesn’t work to grow economies, instead reducing GDP, especially when the tightening is done during a recession when monetary policy is tight.
* Three opinion…
The skinny
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