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No need to spend it all

05/05/2021

Homepaddock

This is not a bonus:

Almost $1 billion that was allocated for the Covid-19 response last year was never spent, and Finance Minister Grant Robertson has put it back into the Covid fund to spend on the recovery.

Robertson delivered the first of his pre-Budget speeches this morning to the Wellington Chamber of Commerce, saying Budget 2021 would be a “recovery Budget”. . . 

Finding you’ve spent less than you borrowed doesn’t mean you should spend it all.

Responding to the Finance Minister’s decision to reallocate $926 million from the COVID-19 response fund, New Zealand Taxpayers’ Union spokesman Louis Houlbrooke says:

“Grant Robertson is acting like he’s got a spending target. Someone needs to tell him he doesn’t actually have to spend every last cent from his COVID-19 response fund.”

“The Government’s decision to borrow more than $100 billion has monumental consequences for future generations of taxpayers. That…

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