Luxon's 'going for growth' actually means 'going for debt reduction'

The Kākā by Bernard Hickey · Apr 1, 2025 · 8m

Long story short: PM Christopher Luxon said in January his Government was ‘going for growth’ and he wanted New Zealanders to develop a ‘culture of yes.’ Yet his own Government is constantly saying no, or not yet, to anchor investments that would unleash real private business investment and GDP growth.

Instead, Luxon’s cabinet is choosing to reduce public borrowing at a time when investors are desperate to lend their cash piles to Governments. Businesses are becoming increasingly frustrated and said in a monthly business survey last month that central Government policy and a lack of economic…