Labour eyes smaller operating surpluses with $21.85 bln splurge

Mon, 28 Aug 2017

By Paul McBeth Aug. 29 (BusinessDesk) - The Labour Party will run smaller operating surpluses over the next five years and take on a higher level of debt to pay for $21.85 billion of extra spending to revive what it claims is a run down public service and bring forward its three free years of tertiary education. Finance spokesman Grant Robertson today unveiled Labour's updated alternative fiscal plan to incorporate the latest Treasury projections, which would see a Labour-led government spend an extra $5.17 billion on social security inc...

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