Quotation for Today – Wednesday 6 January

In recent years, growth has been both low and unbalanced, while increases in Government expenditure have been very large.

The tradeable side of the economy – exports and those industries that face international competition – has been in recession for five years, with output now some 10 per cent below 2005 levels.

By contrast, the public sector has grown rapidly, but with poor productivity.

Bill English - NZ Finance Minister – writing in NZ Herald

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