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Coal for Christmas – more borrowing on the horizon

By   /  November 15, 2017  /  Comments Off on Coal for Christmas – more borrowing on the horizon

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Source: Taxpayers Union – Press Release/Statement:

Headline: Coal for Christmas – more borrowing on the horizon

Grant Robertson’s fiscal plans look to be exposed, with ANZ now forecasting $13 billion more in Government borrowing than was projected by Labour in the lead up to the election, says the New Zealand Taxpayers’ Union.

Taxpayers’ Union Economic Advisor, Joe Ascroft, says, “Grant Robertson told Parliament yesterday he would be sticking with the pre-election fiscal track, so why are ANZ’s boffins coming up with such alarming numbers?”

“If ANZ are correct, the average household will be saddled with nearly $8,400 additional Government debt, and that’s before accounting for the ‘budget challenges’ that the Minister described in an interview earlier this week.”

“The Government’s pre-Christmas mini-budget was supposed to be something to celebrate. But with cracks appearing, Mr Robertson may be gearing up to deliver coal in taxpayers’ stockings.”



Freya Watson
027 712 2556


The New Zealand Taxpayers’ Union is an independent and membership-driven activist group, dedicated to being the voice for Kiwi taxpayers in the corridors of power.

The Taxpayers’ Union operates a 24-hour media line for comment on taxpayer issues. Representatives are available on (04) 282 0302.

High-resolution images and logos are available on request or online at http://www.taxpayers.org.nz/resources


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