Less than 2 months after delivering the budget, the deficit is already $5 billion (yes, 5,000,000,000) worse than what this useless and clueless Labour government under Hipkins and Robertson forecast.
At this rate, it will be $25 billion worse than the budget comes June 2024.
Drunk with over-spending and on the over/taxing meth/drug, this incompetent government is driving the NZ economy into the gully for future generations of NZers.
More taxes, more wasteful and directionless spending and ever bigger deficits.
Useless and clueless as always - that’s Labour.
https://www.stuff.co.nz/business/132...-to-disappoint
“Net core Crown debt has now risen $5b above forecast to $73b, or to 18.9% of GDP.
That is significantly above the Budget forecast which had charted that it would stand at 17.6% of GDP at the end of May.”