2015 budget

The 2015 Budget did not deal with children's poverty  but it did put a down payment. 

This is based on a presentation to a Child Poverty Action Group Post-budget Breakfast.

 

There is a lot of chatter about the government’s budget deficit, but politics aside why does it matter?

Rob Muldoon famously remarked that the typical New Zealander would not know a budget deficit if he or she tripped over it in the street. Knowing a little bit about it I have puzzled as to how one would come across the deficit in the street – perhaps I lack imagination.

 

Why does the Minister of finance say this is is hardest budget ever? The economy may be doing moderately well, but it is by no means preforming outstandingly.

In 1993 the New Zealand economy began to show signs of an upswing after the seven years of Rogernomics Stagnation. In a public comment I remarked that it seemed to be in the ‘recovery’ phase, which is the economist’s technical term for the stage in the business cycle when the economy leaves the bottom of the business cycle and goes into upswing.