In a joint effort with 14 economists, led by Ganesh Nana, a stand was taken against harmful fiscal policies in New Zealand, emphasizing the damaging effects of reckless spending cuts and austerity measures. The group highlighted the importance of understanding how economies function, stating that budget deficits naturally increase during recessions and decrease during recovery phases. Despite recent decisions to exclude ACC deficits from the deficit measure, concerns remain about the underlying philosophy of small government and the potential impact on low-income families and social welfare.
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Editorial: Goodbye 2024
In 2024, farmers faced challenges like soaring input costs and subdued returns, with dairy farmers faring better than sheep farmers. Despite the tough year, NZ farmers showed resilience and optimism for the upcoming year, with a record milk price predicted for dairy farmers and signs of improvement in the red meat sector. Recent policy announcements and increased farmer confidence suggest a brighter outlook for 2025, bringing hope for a more favorable year ahead. Full Article
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