Podcasts Other The Mike Hosking Breakfast Oliver Hartwich: NZ Initiative Executive Director on the report looking into Labour's fiscal record

Oliver Hartwich: NZ Initiative Executive Director on the report looking into Labour's fiscal record

Published: Sept. 26, 2023, 8:59 p.m.

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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

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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

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

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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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