Too much migration discourages investment in high-value businesses: Treasury

Mon, 21 Nov 2016

By Pattrick Smellie Nov. 22 (BusinessDesk) - Less reliance on immigration to fill workforce skills gaps and far better value for money from government spending on social policy and higher education emerge as essential counterweights to ballooning health and pension costs over the next 40 years in a new Treasury report. The four-yearly long-term statement on New Zealand’s fiscal position, dubbed Te Tirohanga Mokopuna and published today, projects the country’s economic outlook over the next four decades, based on current policy settings....

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