Dawn Chorus: National eyes $30b of spending cuts

National wants net debt down by 10% of GDP to 20%, implying $30b of spending cuts; National's economic plan also includes $4.4b of extra spending on Covid and income tax cuts for SMEs

TLDR & TLDL: National has published its big plan to revive the economy, including the contradictory ideas the Government should spend $4.4b more on extra Covid relief and tax cuts for businesses and workers, but also reduce net debt from 30% of GDP to 15-20% of GDP, which would imply spending cuts of $30b a year.

This episode is for paid subscribers