Long-term fiscal storms on the horizon

Long-term fiscal storms on the horizon
(Image: Unsplash)
Cameron Bagrie
New Zealand is facing two long-term fiscal storms: NZ Super costs and infrastructure, or three if you include healthcare. Unless we accept that the tax burden will need to rise significantly, the ability to handle one may require sacrifices from another. I doubt it will be in health.Infrastructure is the first storm. The Government Policy Statement on Land Transport set out the beer income and champagne taste divergence, with a $6 billion gap between expenditure intentions and funding. Delivering the intended programme “requires acce...

More Economy

CPI to land within RBNZ range, economists say
Economy

CPI to land within RBNZ range, economists say

The spread between tradable and non-tradable inflation is growing.

Card spending flat in September: Stats NZ
Economy

Card spending flat in September: Stats NZ

The spending downturn has been 'arrested', says Westpac Economist Satish Ranchhod.

Gregor Thompson 14 Oct 2024
Learning to love foreign direct investment
Economy

Pattrick Smellie: Learning to love foreign direct investment

The Government is sprucing up the welcome mat for foreign investment.

Pattrick Smellie 14 Oct 2024
Luxon pitches Irish-style welcome
Finance

Luxon pitches Irish-style welcome

Luxon thinks NZ should lay out the welcome mat for multinationals the way the Irish do.

Dileepa Fonseka 14 Oct 2024