On Tue, 14 Nov 2017 11:51:36 -0800 (PST), JohnO <
johno1234@gmail.com>
wrote:
I always thought Labour's numbers were questionable. They've actually got no fucking idea what they're doing. Unfit for government.
https://www.stuff.co.nz/business/98870648/economists-see-government-debt-rising-billions-more-than-labours-plan
Apparently National were similarly befeft of "fucking idea" :
"Outgoing ANZ chief economist Cameron Bagrie said the estimates for
new spending were "conservative", including an assumption that the new
$1b a year regional development fund would come entirely from existing
budgets.
"[S]pending pressures are all headed one way – and a lot depends on
the economy holding up."
In the days following the election Bagrie had also warned that if
National had been able to form a Government, it too was likely to
borrow more than planned to secure the support of NZ First."
and later:
"However ASB chief economist Nick Tuffley now forecasts that
unemployment will eventually fall to 3.9 per cent by 2021, while wage
growth would gradually rise to 2.8 per cent by early 2020, on the back
of both lower migration and plans to hike the minimum wage to $20 an
hour by 2021.
Tuffley said based on its forecasts, and the assumption that Labour
was able to stick to its spending plans, ASB was forecasting borrowing
would be $1b higher than Robertson had signalled. "
We will hear soon what Treasury thinks . . . they may have a
different view than bank economists . . .
--- SoupGate-Win32 v1.05
* Origin: Agency HUB, Dunedin - New Zealand | Fido<>Usenet Gateway (3:770/3)