Why the Christmas mini-budget will be so hard to write

Why the Christmas mini-budget will be so hard to write
National's Nicola Willis and Christopher Luxon. (Image: NZME)
Pattrick Smellie
Having successfully predicted the new government would want to do a mini-budget some days before such an intention was announced, this column will attempt comparable perspicacity by predicting what will be in it.The short answer: not as much as the term mini-budget - even with mini in it - would imply.The reason: the fiscal situation the government faces is dire, and the answers to fixing it are either complicated, too draconian to be politically survivable or involve jettisoning or hugely delaying most of National’s pre-election tax prom...

More Economy

Business voices fear fallout from environmental rollbacks
Economy

Business voices fear fallout from environmental rollbacks

Conversations about decreasing environmental protections could have consequences for NZ.

BNZ ekes out gains in market share as 1H deposits and loans lift
Economy

BNZ ekes out gains in market share as 1H deposits and loans lift

The cost-to-income ratio was 36.2% versus 32.5% in the same period a year earlier.

Weaker than expected jobs data won't move the rate cut dial
Economy

Weaker than expected jobs data won't move the rate cut dial

The March quarter jobs data was gloomier than expected.

Rebecca Howard 01 May 2024
Cautious lending keeps lid on default rates – Reserve Bank
Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 01 May 2024