INDEPENDENT NEWS

No excuse for an election-year deficit

Published: Wed 11 Dec 2019 01:36 PM
MEDIA RELEASE
No excuse for an election-year deficit -Taxpayers’ Union
11 DECEMBER 2019
FOR IMMEDIATE RELEASE
Responding to the Minister of Finance’sHalf Year Economic and Fiscal Update, which includes a $900 million deficit for the next financial year,New Zealand Taxpayers’ Union spokesman Louis Houlbrooke says:
“At at time of high commodity prices and a record-high tax take, there is no excuse for the Government to run up a deficit, even a temporary one.”
“Conspicuously choosing an election year to dip into the red suggests the focus of this spending will be on winning votes, rather than addressing genuine needs. Some New Zealanders – perhaps in politically significant electorates – will benefit, but the typical taxpayer who funds this election year spend-up can be forgiven for a nervous gulp.”
ENDS
New Zealand Taxpayers' Union
New Zealand's grassroots campaign for lower taxes and less government waste
The New Zealand Taxpayers' Union is an independent activist group, dedicated to being the voice for Kiwi taxpayers in the corridors of power. It's here to fight government waste and make sure New Zealanders get value for money from their tax dollar. New Zealanders are invited to join and donate at http://taxpayers.org.nz
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