Deficits are back baby

National inherited a projected decade of deficits from Labour in 2008 and despite the Global Financial Crisis and two earthquakes managed to get the books back into surplus.

Labour in 2017 inherited a growing economy and large surpluses. In less than one term Labour have turned that into a projected billion dollar deficit for the current year.

Labour’s strategy is to tax families more, spend more and borrow more, leaving us all with the debt.