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Showing posts with label Comprehensive list of Labour's spending. Show all posts
Showing posts with label Comprehensive list of Labour's spending. Show all posts

Wednesday, September 27, 2023

Alex Holland: Labour's spending


In 2017 when Labour came to power, crown spending was $76 billion per year. Now in 2023 it is $139 billion per year, which equates to a $63 billion annual increase (over $1 billion extra spend every week!) In 2017, NZ’s government debt stood at $112 billion. Today, excluding an accounting trick, that debt is now doubled at $224 billion or $115,000 per household. Meanwhile, in 2017 individual tax payers paid the government $33 billion. By 2023 this had gone up 67% to $55 billion to help fund Labours spending. 

Here is just some of the wasted spending (which most media swept under the carpet):