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A new report has been released by New Zealand Initiative, looking into the Labour Government\u2019s fiscal record over the past six years.\xa0

The report found that Labour\u2019s fiscal projections before the 2017 election were too optimistic, resulting in an $18 billion discrepancy between intended and actual expenditure by the end of 2019.\xa0

Executive Director Oliver Hartwich told Mike Hosking that they were spending beyond what they planned before Covid, $29 billion more by 2019.\xa0

He said that Covid opened the floodgates in terms of spending, but once the pandemic was over they kept their spending levels at the level it was at in 2020.\xa0

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