As I’m not in New Zealand anymore, I don’t know what is happening in the homeland. So I thought I should reach out for some help.
Brad Olsen from Infometrics has kindly offered to explain to us what is going on. Brad is the CEO of the New Zealand think tank Infometrics (note: in New Zealand think tank isn’t a fashionable term, contrary to its use in Australia - so please call them consultants or forecasters in person).
I used to work with Brad and he’s been incredibly generous with his extremely scarce time on Budget week having a chat with us - so definitely appreciate it. Also cheers to Eric Crampton from Offsetting Behaviour and the New Zealand Initiative for providing me some secret readings so I could ask reasonable questions!
In our chat we discuss unemployment and benefits, persistent Budget deficits, natural disasters, and movie subsides - and how this will all come together in a pretty tight 2024 Budget.
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