𝔾𝕠𝕧𝕖𝕣𝕟𝕞𝕖𝕟𝕥 𝕗𝕚𝕟𝕒𝕟𝕔𝕖𝕤 𝕚𝕟 𝕓𝕖𝕥𝕥𝕖𝕣 𝕤𝕙𝕒𝕡𝕖 𝕥𝕙𝕒𝕟 𝕖𝕩𝕡𝕖𝕔𝕥𝕖𝕕

-

𝔾𝕠𝕧𝕖𝕣𝕟𝕞𝕖𝕟𝕥 𝕗𝕚𝕟𝕒𝕟𝕔𝕖𝕤 𝕚𝕟 𝕓𝕖𝕥𝕥𝕖𝕣 𝕤𝕙𝕒𝕡𝕖 𝕥𝕙𝕒𝕟 𝕖𝕩𝕡𝕖𝕔𝕥𝕖𝕕


𝕋𝕙𝕖 𝕘𝕠𝕧𝕖𝕣𝕟𝕞𝕖𝕟𝕥'𝕤 𝕗𝕚𝕟𝕒𝕟𝕔𝕖𝕤 𝕒𝕣𝕖 𝕚𝕟 𝕓𝕖𝕥𝕥𝕖𝕣 𝕥𝕙𝕒𝕟 𝕖𝕩𝕡𝕖𝕔𝕥𝕖𝕕 𝕤𝕙𝕒𝕡𝕖, 𝕨𝕚𝕥𝕙 𝕥𝕙𝕖 𝕥𝕒𝕩 𝕥𝕒𝕜𝕖 𝕙𝕠𝕝𝕕𝕚𝕟𝕘 𝕦𝕡, 𝕓𝕦𝕥 𝕖𝕩𝕡𝕖𝕟𝕤𝕖𝕤 𝕛𝕦𝕤𝕥 𝕒𝕓𝕠𝕧𝕖 𝕗𝕠𝕣𝕖𝕔𝕒𝕤𝕥.

O

fficial figures show a deficit of $2.8 billion for the four months to October, about $270 million below the budget forecast.

The tax take was in line with what was forecast, at $36.2 billion, with higher income tax payments offsetting a slight dip in GST and the government's reduction in fuel taxes.

.


.

Overall revenue was also boosted by higher earnings from the emissions trading scheme.

Expenses were $500 million above budget, reflecting higher interest costs and delayed pandemic-related health costs.


Comments

Post a Comment

Popular posts from this blog

Luxons 2023 Election Pledges Were A Unforgivable Con

-
Image
Luxons 2023 Election Pledges Were A Unforgivable Con 𝘓𝘶𝘹𝘰𝘯’𝘴 𝘢𝘶𝘴𝘵𝘦𝘳𝘪𝘵𝘺 𝘢𝘯𝘥 𝘥𝘦𝘭𝘪𝘣𝘦𝘳𝘢𝘵𝘦 𝘭𝘰𝘸-𝘸𝘢𝘨𝘦 𝘱𝘰𝘭𝘪𝘤𝘺 𝘩𝘢𝘷𝘦 𝘱𝘳𝘰𝘭𝘰𝘯𝘨𝘦𝘥 𝘱𝘦𝘳-𝘤𝘢𝘱𝘪𝘵𝘢 𝘳𝘦𝘤𝘦𝘴𝘴𝘪𝘰𝘯, 𝘴𝘱𝘪𝘬𝘦𝘥 𝘶𝘯𝘦𝘮𝘱𝘭𝘰𝘺𝘮𝘦𝘯𝘵, 𝘤𝘳𝘶𝘴𝘩𝘦𝘥 𝘳𝘦𝘢𝘭 𝘸𝘢𝘨𝘦𝘴, 𝘢𝘯𝘥 𝘭𝘦𝘧𝘵 𝘩𝘢𝘳𝘥-𝘸𝘰𝘳𝘬𝘪𝘯𝘨 𝘒𝘪𝘸𝘪 𝘧𝘢𝘮𝘪𝘭𝘪𝘦𝘴 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭𝘭𝘺 𝘥𝘦𝘷𝘢𝘴𝘵𝘢𝘵𝘦𝘥. 𝗢𝗽𝗶𝗻𝗶𝗼𝗻: Bruce Alpine . C hristopher Luxon’s 2023 pledge card was a con. He swore he’d lower inflation, deliver tax relief, grow the economy and crush the cost-of-living crisis. Election '23, Luxon  swore he’d lower inflation, deliver tax relief, grow the economy and crush the cost-of-living crisis. Supplied by : Bruce Alpine Two-and-a-half years later the record is unforgivable: his government’s deliberate austerity and stubborn low-wage policy have deliberately prolonged a per-capita recession, spiked unemployment to decade highs, and left hard-working Kiwi famil...
Read more

National's Austerity Obsession: From Key's Folly to Luxon's Fiasco

-
Image
National's Austerity Obsession: From Key's Folly to Luxon's Fiasco 𝘕𝘢𝘵𝘪𝘰𝘯𝘢𝘭'𝘴 𝘢𝘶𝘴𝘵𝘦𝘳𝘪𝘵𝘺 𝘳𝘦𝘷𝘪𝘷𝘦𝘴 𝘒𝘦𝘺'𝘴 𝘎𝘍𝘊 𝘣𝘭𝘶𝘯𝘥𝘦𝘳—𝘪𝘨𝘯𝘰𝘳𝘪𝘯𝘨 𝘞𝘰𝘳𝘭𝘥 𝘉𝘢𝘯𝘬 𝘸𝘢𝘳𝘯𝘪𝘯𝘨𝘴—𝘴𝘱𝘪𝘬𝘪𝘯𝘨 𝘶𝘯𝘦𝘮𝘱𝘭𝘰𝘺𝘮𝘦𝘯𝘵 𝘵𝘰 5.3% 𝘢𝘯𝘥 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯 𝘵𝘰 3%, 𝘣𝘦𝘵𝘳𝘢𝘺𝘪𝘯𝘨 𝘒𝘪𝘸𝘪 𝘧𝘢𝘮𝘪𝘭𝘪𝘦𝘴. 𝘓𝘢𝘣𝘰𝘶𝘳 𝘴𝘶𝘳𝘨𝘦𝘴 𝘪𝘯 𝘱𝘰𝘭𝘭𝘴, 𝘦𝘹𝘱𝘰𝘴𝘪𝘯𝘨 𝘓𝘶𝘹𝘰𝘯'𝘴 𝘧𝘢𝘪𝘭𝘦𝘥 𝘱𝘳𝘰𝘮𝘪𝘴𝘦𝘴. Published By Bruce Alpine. 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 . C hristopher Luxon and National stormed into power in 2023 on a wave of bluster:  " Get NZ Back On Track " and "Get ahead together," they crowed, vowing to axe waste, unleash tax cuts, and bulldoze through the cost-of-living crunch with laser-focused growth.  No more Labour's "miserable" handouts—just disciplined surpluses by 2027, jobs for all, and relief for families crushed by inflation.  Two years on, in November 2025, it...
Read more

National Party's Anti-Labour Rants Scream Desperation.

-
Image
National Party's Anti-Labour Rants Scream Desperation. 𝘕𝘢𝘵𝘪𝘰𝘯𝘢𝘭'𝘴 𝘢𝘵𝘵𝘢𝘤𝘬𝘴 𝘰𝘯 𝘓𝘢𝘣𝘰𝘶𝘳 𝘴𝘤𝘳𝘦𝘢𝘮 𝘥𝘦𝘴𝘱𝘦𝘳𝘢𝘵𝘪𝘰𝘯 𝘪𝘯 𝘢 𝘵𝘪𝘨𝘩𝘵𝘦𝘯𝘪𝘯𝘨 𝘳𝘢𝘤𝘦. Analysis: Bruce Alpine. N ational’s high-ranking MPs have turned media stand-ups into reflexive anti-Labour rants, exposing a glaring inability to articulate and sell their own vision for New Zealand’s future. Finance Minister Nicola Willis and campaign chair Simeon Brown exemplify this habit.  Rather than confidently outlining progress on “fixing the basics” or painting an optimistic path forward, their appearances devolve into scripted attacks, dossiers, and soundbites that dominate airtime but betray insecurity.  In a recent Sunday press conference , Willis brandished “Labour’s Hidden Bill”—a glossy document claiming a $18.2 billion shortfall between Labour’s spending promises - pay equity restoration, reversing cuts, transport caps, and their capital gains tax revenue.  She challenge...
Read more