Spending cuts hurting growth prospects, says group of economists

Spending cuts hurting growth prospects, says group of economists
Nicola Willis says her budgets will invest in frontline services and growth-enhancing infrastructure. (Image: NZ Herald)
Jem Traylen
A group of economists has written to the Prime Minister about the harm they believe the Government’s spending cuts are doing to the economy.The group of 15, led by former Productivity Commission chair Ganesh Nana, said the cuts hurt not just people but also the economy’s long-term ability to grow.In the letter, they said the cancellation of key infrastructure projects and sinking-lid cuts to the public service were “substantially worsening” the contractionary effects of the Reserve Bank of New Zealand’s (RBNZ) use...

More Economy

Want to double exports? Good luck with that
Primary Sector

Want to double exports? Good luck with that

International shipping lines say NZ needs to urgently address port productivity. 

Weak jobs data help clear path for August rate cut
Economy

Weak jobs data help clear path for August rate cut

Filled jobs edged higher but will likely be revised lower. 

Rebecca Howard 29 Jul 2025
OCR steals the show
Economy

Cameron Bagrie: OCR steals the show

The yield on a NZ 10-year bond is currently around 4.6%.

Cameron Bagrie 28 Jul 2025
Independent review warm on ACC investment arm but eyes risk
Economy

Independent review warm on ACC investment arm but eyes risk

A review of ACC’s investment arm issues warm findings but homes in on risk factors.

Staff reporters 25 Jul 2025