Latest / The Kākā by Bernard Hickey
Govt demands Health NZ cut another $510 million
Briefly in the news from Aotearoa’s political economy on Wednesday, December 17:
* Treasury published its Half Yearly Economic and Financial Update (HYEFU) report yesterday, lowering its GDP growth forecast, raising its unemployment forecast, reducing the Government’s tax revenue forecasts and delaying its forecast for a return to surplus by another year to 2029/30.
* Finance Minister Nicola Willis pledged the Government would stick to its strategy of restraining Government spending growth to crunch the size of core Crown spending below 30% of GDP from almost 33% now, in order to cut…
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