Budget Day ‘carkoi’ protests delayed traffic on Auckland and Tauranga motorways ahead of a hikoi on Parliament.
Protesters earlier took the roads to oppose government policies toward Māori, ‘activating’ for today’s National Māori Action Day - and caused traffic delays around the country.
It’s the second time Māori have mobilised on a national scale with the first hīkoi taking place last December.
The national protest coincides with today’s budget announcements.
Update: $15B in tax cuts paid for with $12B in borrowing.
Where did you get the borrowing number from?
I can’t remember now, but it was one of the rapidly changing articles or perhaps a live thread.
Regardless, I have found this article that backs it up: https://www.newshub.co.nz/home/politics/2024/05/budget-2024-government-accused-of-borrowing-12-billion-for-tax-cuts.html
Thanks.
I herd the same number on Bernard Hickeys podcast.
The government is claiming they aren’t borrowing to fund tax cuts, I guess because this borrowing was already planned? But it’s hard to argue that when they could have not had tax cuts and then not borrowed (and had $3B left over).
Yea, and (according to the podcast) the $12B is on top of the planned borrowing, so it is extra borrowing.
How can they claim it’s not borrowing to fund tax cuts? This government really doesn’t care whether their claims are true.
I guess they are using magical hollywood accounting