Fiscal policy to slow growth over next five years, despite surpluses

Thu, 13 Dec 2018

By Paul McBeth Dec. 13 (BusinessDesk) - The Labour-led coalition government will run a tight fiscal policy, keeping a lid on economic growth over the next five years, the Treasury's half year fiscal and economic update says. However, Finance Minister Grant Robertson is indicating the government could decide to spend more as it runs large Budget surpluses and reduces government debt. After reporting a the bigger than expected $5.5 billion operating surplus before gains and losses at the end of the June 2018 year, the Treasury has trimme...

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