No excuse for an election-year deficit

Published: Wed 11 Dec 2019 01:36 PM
No excuse for an election-year deficit -Taxpayers’ Union
11 DECEMBER 2019
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.”
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
Contact New Zealand Taxpayers' Union
Media Contact:
Media line (24-hr) 04 282 0302

Next in New Zealand politics

Kaikōura $10.88 million boost in tourism & business
By: New Zealand Government
Plans to protect the future of whitebaiting announced
By: New Zealand Government
New resource for schools on climate change
By: New Zealand Government
Regulations pave way for quality medicinal cannabis
By: New Zealand Government
New Year Honours: Sporting greats among knights and dames
Gordon Campbell on a White Island inquiry
By: Gordon Campbell
$10.98 million of PGF funding announced
By: Kaikoura District Council
Proposed whitebait rules are pitiful, won’t save native fish
By: Forest And Bird
Whitebait rules needed to save fish from extinction
By: Forest And Bird
Fisheries management helps prevent overfishing - Reaction
By: Science Media Centre
Whitebaiters set to lose thousands on stands
By: New Zealand National Party
Government attempting to ban whitebaiting
By: New Zealand National Party
2019 NZ's fourth warmest year on record - Expert Reaction
By: Science Media Centre
Simplistic climate change lessons counterproductive
By: Federated Farmers
Climate change curriculum
By: Taxpayers' Union
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media