Mike's Minute: The fiscal hole is the last economic straw
It doesn’t really matter whether it's a $20 billion hole or not.
It might be $19.6 billion. The fact is, the Government has a hole, a massive fiscal hole that will, before the election, be fully exposed in what they call the PREFU.
The scandal here is several-fold.
The Government can, to a degree, hide behind Treasury. We asked at the time and the likes of Grant Robertson said they had no choice but to accept Treasury's forecasts.
The reality of Treasury is they couldn’t hit the side of a barn with a banjo.
What we were asking about post the Budget, which you might remember was back in May…
The skinny
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