Latest / The Kākā by Bernard Hickey
Interview: Shamubeel Eaqub on an even tighter Budget for 2025/26
I spoke last night with Simplicity Chief Economist and Head of Policy Shamubeel Eaqub about the Government's latest budget policy tightening, the risks for infrastructure investment and a potential dampening of GDP growth.
He points out that the Government has cut capital expenditure so far in the current financial year, rather than operating expenditure, and he worries further restrictions in infrastructure spending by the Government will restrain growth and future attempts to deal with infrastructure deficits and the need to boost productivity.
He sent me these charts showing how the latest…
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