Budget 2022: Plenty of risk, so where is the reward?

An article from Stuff.

Dr Eric Crampton is chief economist with the New Zealand Initiative.

OPINION: When the Government announced revised fiscal rules earlier in May, Treasury provided a mild caution. Shifting from a net debt target to a net debt ceiling would require a greater emphasis on year-to-year fiscal discipline.

Governments needed to ensure they received value for money in spending and that they ran budget surpluses except during extraordinary circumstances.

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