Andrew Keller: Finance expert says the extra $4.8b of govt spending each year will put pressure on inflation, interest rates

Best of Business · May 18, 2023 · 4m

Questions for the Government this morning, over whether its Budget could make the Government's balance sheet even worse.

The Budget includes removal of $5 prescription fees, the introduction of 20 hours free early childcare for two-year-olds, and public transport discounts for under 25s.

Finance Minister Grant Robertson is branding it a "back to basics" budget.

But JMI Wealth Director Andrew Keller told Mike Hosking the $4.8 billion of extra Government spending each year will put pressure on inflation and interest rates.

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