Wednesday’s Chorus: The PREFU's missing debt

The Kākā by Bernard Hickey · Sep 13, 2023 · 39m

TL;DR: Treasury published a PREFU yesterday that exposed the Opposition’s claims about the Government being ‘addicted to spending’ and presiding over a ‘fiscal catastrophe’ as both hollow and dangerous, given these politicians are quite likely to be in charge of those same finances in just over a month, and will need to assure foreign investors the Government’s credit is good.

But the PREFU isn’t all ticketyboo. Yet again, Treasury does not include the very real liabilities being stored up for future generations in the form of higher public health, climate, education and housing spending…