Oh....no budget surplus!

pclancy · 22-05-2015 2:06am #1

So John and Bill were wrong in their pre-election promises to have NZ return to surplus this year, and come on guys that wasnt really a surpirse was it!

What do Irish and Kiwis think of the current economic situation here? Are you feeling good or not as bullish as National?

http://www.washingtonpost.com/world/new-zealand-fails-to-deliver-promised-budget-surplus/2015/05/20/52aae69e-ff60-11e4-8c77-bf274685e1df_story.html?postshare=2211432181485480

Mehaffey1 · 22-05-2015 2:17am

Think the government isn't doing too bad of a job really. John Key is a very competent minister on the economic front in my opinion if only he could keep his hands off waitress's hair lol. The decline in milk payout has to be a driving factor in the budget results which I haven't took much interest in really.

MrCreosote · 24-05-2015 8:22am

Mix of good and bad really. The budget was pretty surprising really- a lot of Labour's thunder was stolen I reckon. As for the economy- hugely dependent on dairy exports at the expense of the environment, and a big fat housing bubble in Auckland just waiting to pop.

Cookie_Monster · 25-05-2015 2:50pm

Being in Taranaki you can really see the change. Dairy has taken a huge hit and oil and gas has stopped. Still plenty of current working but everything new has been shelved for the short term, lots of layoffs.

The drop against the USD hasn't exactly helped either.

I also agree the Akl housing bubble is an issue, with seemingly, no solution... no one is willing to act decisively and implement anything which will slow it down one way or the other.

Oh....no budget surplus!

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