The plan to combat inflation by increasing government spending was criticised by the leader of the opposition, Christopher Luxon of the New Zealand National Party, who argued that tax cuts would help more people than handing out checks.
“With inflation at a 30-year-high and prices running laps around wages, Kiwis are experiencing the worst cost of living crisis in a generation. The forecasts today show inflation is rampant for years to come,” Luxon“More and more Kiwis are falling behind each week, squeezed by growing costs and a Government that refuses to offer them meaningful income tax relief while ramming through the biggest spend-up in New Zealand history.
“Not content with a $6 billion spending spree, they’ve also raided future budgets – spending $2 billion from Budget 2023 and $0.4 billion from Budget 2024. And that’s before you count climate spending and the cost of living bandaid – which are on top.” Luxon went on to warn that the government’s “spending addiction” will mean that the economy will be sent spiralling “backwards”.that New Zealand may be facing a recession, with the country’s central bank warning that there is a danger that the “wheels well and truly fall off” of the economy and plunge into negative growth.
The checks will also come as the Ardern regime in Wellington is set to finally loosen border restrictions in July, after two years of the country being essentially cut off from much of the outside world during the Chinese coronavirus crisis.
This Liberal will bankrupt her country just like United States!! The world monetary fund is now bailing countries out at an enormous rate! The Rothschild group is getting more powerful by the minute!
Maybe legal to buy votes in New Zealand?
Looks like they have the Venezuela blueprint down. Spend more and print more on your way to Hyper-inflation.
Kiwi political logic: I’m tired so to rest I’ll just stay up🤦‼️
That is so smart…. NOT. Print more money that does not exist.
That is horribly funny - almost as much as it is horribly HORRIBLE!!! Communism only creates two things: POVERTY AND SKAVERY!!
Good Luck with that
So are you saying it should not be done so people in New Zealand can starve to death? You so-called conservatives are a real work of art.
It a national Check kiting scheme
How have we even made it this far as a civilization. SMH 🤦🤦
Sounds like another country I know
That's like a circular firing squad
Evil spawn. Jacommucinda …
More Briebart lies
Seizing the 'emergency' opportunity to weaken the public initiative.....once again.
We have inflation so let's give people more money! Is there ANY government in the world that understands basic monetary fundamentals? I learned about inflation in (you guessed it) Economics 101, when I was in college!
Venezuela here we come
Trying to extinguish the fire using gasoline.
Please put out the fire...
how does that work?
It was Biden's Trillion dollar bonanza that caused US inflation. Don't lefties know that public spending does not reduce inflation? Neither does taxing the rich.
This is good. Now we can see the consequences of such a program without implementing it ourselves - as the Left would like to do.
Please read! More money in circulation will not fight inflation it will inflate inflation.
That’s going to work out perfectly.
Small country but no country is governed more efficiently than New Zealand.
How’d that work out, USA?
Isn’t that a oxymoron
She really looks like the wicked witch she is.
抱薪救火
Ignant
Novel way of 'fighting inflation' .....
Next they will be handing out wheelbarrows so you can fill it with cash to buy your loaf of bread
This is not how it works... for the record
ms_pistolicious Gump: Stupid is as stupid does
Printing money is the best solution for fighting inflation. Ask Biden.
She looks like a ghoul! Oh, and government is the CAUSE of inflation. Send her to China to live her socialist dream.
So they create the problem and now they create more problems they wants us to believe that they are good people
sounds like a great plan!
Socialism. A great idea until you run out of other peoples money to spend!🙄
🤣🤣🤣🤣
Sheep fall in line
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