The MoF has put out his pre-budget feelers while setting the date for the Key Government’s second budget at 20 May. I’m pleased to see the above statement, albeit hidden at the end of the press release, especially after seeing this disaster in a Treasury working paper:
Ugly, isn’t it? The red line is what we can afford, the blue line is the trend we’re spending on. So while Mr English might talk about jobs and growth (and don’t get me wrong, these things are important) the real underlying issue he must address is our unsustainable rates of spending.
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