Latest / The Kākā by Bernard Hickey
Treasury warns of unprecedented cuts in real spending per capita to achieve surplus
Kia ora. Long stories short, here’s my top six things to note in Aotearoa’s political economy around housing, climate and poverty on Friday, September 27:
* Treasury’s Chief Economics Adviser Dominick Stephens gave the year’s most important speech yesterday, saying real and per-capita cuts in public spending implied by the Government’s surplus ambitions for 2028 would have to be unprecedented without tax increases, implying a fiscal savagery worse than that unleashed by Ruth Richardson in her ‘Mother of All Budgets’ of 1991.
* In the scoop of the day, Marc Daalder reports for Newsroom the…
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