Budget 2015

Budget 2015 documents were accompanied by a banner heading A plan that's working. An undoubtedly naive economist, originally ignorant as to the presence of the plan, describes his journey in uncovering the nature of the plan.

Did you know we had a plan? And, did you know that it’s working?

Well, entering the Budget lock-up last week I was confronted on the screen greeting us with the banner: A plan that’s working.

National has reinforced its capacity to surprise, but also its capacity for making things up as it goes along. And to make ends meet, Key and English have done several u-turns

A closer look at Budget 2015 shows a government making it up as it goes along. While it's a clever political document, it shows National is trying to plug a lot of political holes with a diminishing amount of capital -- both fiscal and political.

Here's my take on the Budget... before it comes out.

With a few hours to go before the Budget, it already looks like it's Labour lite all over again; a political repeat of 2014 with National unashamedly doing exactly what opposition parties have been saying they should do and taking credit for it.

Do the sums and read between the lines, and it looks like something has to give in this year's budget. And I think I know what it may be...

So Bill English hasn't dropped enough pounds... or, at least, dollars. Weight loss is the metaphor Bill English has chosen to excuse his failure to meet the government oft-repeated and top priority of reaching surplus by 2015-16. That's right, it's sayonara surplus.

English's explanation run along these lines: