31-05-2024, 12:16 PM
Bernard Hickey says this about the budget...
"In summary, in my view, the Government’s actions since its election and in this Budget have increased inflationary pressures and have contributed to the Reserve Bank not cutting interest rates. The immediate big freeze in funding and grants for house-building, school-building and rail-building, along with sacking 5,000 public servants, has also slowed economic growth in a way that has added to the Government’s net debt track.
So far, the Government has increased the cost of living and increased Government debt while suspending the nation’s water, housing and public infrastructure building pipeline. All in the name of delivering tax cuts for wage earners and landlords that will barely offset the extra costs imposed on many since its election.
Some poorer and younger taxpayers and students who rent are already significantly worse off after paying higher bus fares and higher rents. Soon, they will also face paying higher student fees, prescription fees and a myriad of little fees and charges designed to offload Government costs back onto taxpayers individually."
"In summary, in my view, the Government’s actions since its election and in this Budget have increased inflationary pressures and have contributed to the Reserve Bank not cutting interest rates. The immediate big freeze in funding and grants for house-building, school-building and rail-building, along with sacking 5,000 public servants, has also slowed economic growth in a way that has added to the Government’s net debt track.
So far, the Government has increased the cost of living and increased Government debt while suspending the nation’s water, housing and public infrastructure building pipeline. All in the name of delivering tax cuts for wage earners and landlords that will barely offset the extra costs imposed on many since its election.
Some poorer and younger taxpayers and students who rent are already significantly worse off after paying higher bus fares and higher rents. Soon, they will also face paying higher student fees, prescription fees and a myriad of little fees and charges designed to offload Government costs back onto taxpayers individually."
I do have other cameras!