ANZ economist Miles Workman criticized the previous Labour Government for engaging in a “debt-funded spending spree,” which he described as an “inflation-fuelling fiscal expansion” that the current Government is still addressing. He indicated that while future Budgets may involve repurposing existing spending, significant portions of Labour’s additional spending remain unwound, resulting in a fiscal challenge. Workman cautioned that the government could face high debt levels during future fiscal shocks, such as a pandemic or earthquake, if current trends continue.
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The mess the National Party’s in now – four theories and a prediction – Simon Wilson
The coalition Government is midway through its term, with polls indicating equal support for both the centre-right and centre-left. The National Party's re-election strategy may hinge on Labour's proposed capital gains tax and concerns about Te Pāti Māori, while Labour seems to rely on criticizing National's leader, Christopher Luxon, rather than presenting its own agenda. Want More Context? 🔎
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