Oct 20, 2021 • 10M

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

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Bernard Hickey
Bernard Hickey and friends explore the political economy together.
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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.

National’s Covid Response spokesperson Ch…

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