Professor Robert MacCulloch: National and Labour have created a Fiscal Crisis in NZ.....

National and Labour have created a Fiscal Crisis in NZ. There's only one way out. Here it is, in joint work with former Finance Minister Sir Roger Douglas

The Worst Finance Minister Ever, Labour's Grant Robertson, and now the new one who is competing for that title, Nicola Willis, have jointly created a fiscal crisis in NZ. We currently have one of the worst primary fiscal deficits in the developed world (which is government spending minus tax revenues, excluding interest costs).