May 02, 2018
Past budgets merely an ‘illusion’
Deputy Prime Minister Winston Peters says he expects a responsible Budget but one that is constrained by the need to address areas of massive under-funding by the previous Government.
Finance Minister Grant Robertson will unveil his first Budget in two weeks, and Mr Peters says some Ministers will do better then others in terms of what they have to spend.
Under-spending in areas like health and education is taking priority.
"We had an illusion of a surplus in the past but it was one that was easy to achieve if you just cut paying people what they should be paid and institutions and government departments what they need to operate properly you’ll get a surplus all right but the economy will be seriously fragile as a consequence," Mr Peters says.
He will be speaking today at Victoria University of Wellington on how New Zealand went from being one of the most egalitarian countries in the world to one where 1 percent of the population holds 33 percent of the wealth, and the budget will be a start to getting back to being a more fair and equal society.
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