- #nzpol Today in FEC @barbedmonds.bsky.social asked MOF why GDP for 2026 keeps falling. The data from Treasury is clear - forecasts have fallen at every update year - down $14.4bn in just 2 years. Perhaps insanity really is doing the same thing over and over again and expecting a different resultJan 27, 2026 22:14
- Perhaps cutting & hoping that things get better really will work this time. Like it has for the forecast number of jobseekers - which has risen at every update since the election. 50,000 more between 2024 and 2026. The government's target is a reduction of 50,000 from 2023 levels
- But as the Minister of Finance told us, we shouldn't take unemployment personally. So is it working for the Crown accounts? Er no - the OBEGAL deficit forecast for 25/26 has increased at every update. Turns out that totally unfunded tax cuts can be quite expensive!
- Budget is on 28 May. If things get a tiny bit better, then it's only because in 2 short years, they got so much worse. Cuts to essential public services. Record out-migration of Kiwis. Failing child poverty. New Zealand can't afford more of this failed plan. Let's make this a one-term government.
