Latest / The Kākā by Bernard Hickey
National & Labour fiscal plans lock in stagnation
Mōrena. The six things to know in Aotearoa’s political economy around housing, poverty and climate today are:
* National has released its fiscal plan, which matched its outlook in Treasury’s Pre-Election Fiscal Update (PREFU), including prioritising a return to multi-billion dollar surpluses and debt reduction by 2029/30. Labour’s plan is very similar, also forecasting a move into multi-billion surpluses and debt reduction by 2029/30.
* Both have committed to holding down growth in Government health and other non-NZ Superannuation spending at rates slower than the growth in the overall…
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