From Newsgroup: nz.general

Buried deep in this pay walled article by Matthew Hooton:

https://tinyurl.com/bdh8664s

is this:

"Over his six Budgets, Robertson let gross debt grow by an average of
$15 billion a year. According to TreasuryAs forecasts this week,
WillisA first six Budgets will see it rise by an average of $19b a
year. Willis will have borrowed $115b off the next generation in the
same time Robertson ran up oonlyo $88b."

Robertson, under the guise of an unbudgeted pandemic (as they all are)
was the Finance Minister who oversaw government spending that exceeded
income by a wide margin. Willis is widening that gap with no
unexpected event to justify it.

National will have to build a solid case that what they are doing is
fiscally responsible, because of the surface it is quite the opposite
and Labour may well have what it takes to exploit this. Some of that
spending is on Rail ferries and associated ports, some on 'roads of
national significance' where the use of funding from debt is
justified.

I have little confidence that National even sees the problem until it
is too late - when someone else has a go at them with the updated Robertson-versus-Willis numbers on the election campaign.
--
Crash McBash
--- Synchronet 3.21a-Linux NewsLink 1.2

From Newsgroup: nz.general

On 2025-12-21, Crash <nogood@dontbother.invalid> wrote:

Buried deep in this pay walled article by Matthew Hooton:

https://tinyurl.com/bdh8664s

is this:

"Over his six Budgets, Robertson let gross debt grow by an average of
$15 billion a year. According to Treasury-As forecasts this week,
Willis-A first six Budgets will see it rise by an average of $19b a
year. Willis will have borrowed $115b off the next generation in the
same time Robertson ran up -oonly-o $88b."

I have read articles along similar lines. There certainly is a very large
red flag, and the question Why is NZ getting deeper in debt under this Government. Sure as heck it will give Labour, if it gets in, the excuse is there to increase the debit some more as National did it.

Robertson, under the guise of an unbudgeted pandemic (as they all are)
was the Finance Minister who oversaw government spending that exceeded
income by a wide margin. Willis is widening that gap with no
unexpected event to justify it.

National will have to build a solid case that what they are doing is
fiscally responsible, because of the surface it is quite the opposite
and Labour may well have what it takes to exploit this. Some of that spending is on Rail ferries and associated ports, some on 'roads of
national significance' where the use of funding from debt is
justified.

I have little confidence that National even sees the problem until it
is too late - when someone else has a go at them with the updated Robertson-versus-Willis numbers on the election campaign.

--- Synchronet 3.21a-Linux NewsLink 1.2