The Economy

Started by Shareguy, Jul 25, 2023, 09:23 AM

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Waltzing

Is the Rerun of the Mother of all budgets coming in the new year?

https://www.taxpayers.org.nz/not_since_mike_moore_have_new_zealanders

Ferg

This is interesting:
"Willis drew attention to the former Government's Transport Investment Programme, which had $85b committed, well short of the $288b needed to deliver it."

Source: https://www.msn.com/en-nz/news/other/mini-budget-2023-finance-minister-nicola-willis-unveils-74-billion-in-cuts-and-savings-as-treasury-releases-hyefu/ar-AA1lLcP4

A $200 billion hole in Labour's transport plan...!

Shame on the media for not picking up on this earlier and shouting it from the rooftops like they did to an alleged budget hole several magnitudes smaller in the National pre-election budget.  Secondly, this instantly disqualifies Labour, Hipkins and Robertson from commenting on anything  fiscal-related given their credibility has been absolutely shredded.  We knew it was bad but a $200b hole in one policy programme?  You couldn't make this stuff up.

It is time to legislate fiscal prudence and what Governments can do with taxpayers money.

Waltzing

Where would it get 200 Billion from?

Borrow it and everything becomes pay as you go tolls for even walking on new pathways?

Gosh ...

can someone with an econmics back grounf please comment... its just that economics has some very big books when you go to do your studies and you can get stuck in the library for ever....


Waltzing

"Shame on the media for not picking up"

they were not being paid to write articles on economics ..... they got paid for other stuff... anything other stuff...

Waltzing

The idea from the previous government that INFRASTRUCT stuff can be funded in the BUDGET is a joke surely.....

This shows a complete lack of understanding of the fundementals of accounting and cost accounting.

But who needs accounting when the resrwve bank advertises for people with no financial maths experiance required.

And the modern generation thinks its in a depression  apparently...

https://www.cnbc.com/2023/12/20/is-the-us-in-a-silent-depression-the-tiktok-theory-explained.html


Waltzing


BlackPeter

Quote from: Waltzing on Dec 22, 2023, 05:48 AMHOOTEN is asking the question, 25 percent cuts to public service!!!

That right 25!!!

https://www.nzherald.co.nz/business/nicola-willis-should-aim-for-25-per-cent-cuts-to-the-public-service-matthew-hooton/MTKNMUKHLBB7HKL5NA4EOYVVLU/


Given the previous government more than doubled the communication staff and totally screwed up communication, I am sure we could cut them by more than 25% without even noticing. Cut them by 75% and maybe things start getting better.

Waltzing

 75%!!!

  if the labour / greens and other parties got wind of this sort of thinking they would be alarmed!!  Very Alarmed!!

mcdongle

Didnt quite know where to post this....

https://cebr.com/wp-content/uploads/2023/12/WELT-2024.pdf

Bit of reading for over the holidays..

Waltzing

#24
Great post but will have to wait for a rain day ... good place to post it..

OCR rates are still high for all 2024 ... at least thats the call at the moment...


winner (n)

Red Sea action will see another inflationary hit on its way for NZ. So will the Reserve Bank need to further hike interest rates to halt the impacts of this 'imported inflation' and Luxon will have to say not our fault

Waltzing

Yes Winner all eyes will be on the next 2 to 3 QTR results from stats NZ and the American BEA in the US..

Does NZ have the systems in place to actually measure inflation as the last go at it did not seem to be very accurate.

kiwi2007

Quote from: Waltzing on Jan 01, 2024, 11:55 AMYes Winner all eyes will be on the next 2 to 3 QTR results from stats NZ and the American BEA in the US..

Does NZ have the systems in place to actually measure inflation as the last go at it did not seem to be very accurate.

On paper they seem to do a decent job.
https://www.economy.com/new-zealand/consumer-price-index-cpi

Waltzing


Waltzing

"Costs in your home will go up"

from the article....

as Winner has stated inflationary hit...

https://www.telegraph.co.uk/news/2024/01/03/red-sea-houthi-trade-attacks-shipping-warships-danger/

Life at action stations...