Ouch!

Although New Zealand avoided the worst of COVID for the first 18 months of the pandemic, this country has the second highest inflation rate among our largest trading partners.

The Labour government out-spent and out-borrowed nearly all other OECD countries in its response to COVID.

Treasury states the government has spent $74 billion on its COVID response and recovery packages.

The IMF forecasts New Zealand will borrow more through the pandemic relative to GDP than most if not all other OECD countries.

Labour can’t just keep blaming international factors for the inflationary environment in New Zealand.

However Labour is not focusing on how to rein in the domestic inflationary environment, rather it is planning an unprecedented $6 billion INCREASE in new spending in the upcoming budget in May

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