The Nicola Willis budget

[Lilith7]

What joys await us...



https://www.stuff.co.nz/national/politic...ons-worsen

[b]"Finance Minister Nicola Willis has found nearly $7.5 billion worth of public savings, but faces tough decisions as she seeks to balance the Treasury books and deliver tax relief amid a worsening economic picture with higher costs to keep the lights on in the next 12 months.  [/b]

Willis revealed her mini-Budget alongside the TreasuryÔÇÖs half year economic and fiscal update in Wellington, outlining a ÔÇ£shrunkenÔÇØ surplus, bigger borrowing requirements and greater fiscal risks such as those around infrastructure delivery and cyclone recovery, natural disasters and climate change.┬á

[b]She will reveal the plan for tax relief in the May budget, but promised to ÔÇ£restore a fairer balanceÔÇØ in the government books, reform the public finance act, and continue a savings drive in the public sector, on Wednesday.[/b]

ÔÇ£Tax reduction is coming but first we have to do the work. We have made a downpayment - finding $7.5b already,ÔÇØ she said.┬á


She said people wouldnÔÇÖt get a ÔÇ£tax cut for ChristmasÔÇØ but would get one next year, along with stronger fiscal management."┬á



Ah promises, promises...if I was a betting woman I'd be willing to put money on the only 'fair' oiutcome being for those already well off. And - 'strong fiscal management?' 
What exactly does that mean?? 

Clamping down on anything & everything just to have more funds for govt projects, at the expense of everything else such as  health, housing, & welfare?


God to a hungry child


I didnÔÇÖt make this world for you
You didnÔÇÖt buy any stocks in my
railroad
You didnÔÇÖt invest in my
Corporation
Where are your shares in Standard
Oil?
I made the world for the rich
And the will-be-rich
And the have-always-been-rich
Not for you
Hungry child.


Langston Hughes