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Live: Budget Day Hīkoi heads to Parliament as thousands gather around country (www.rnz.co.nz)

submitted 1 month ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 7 points 1 month ago (1 children)

Update: $15B in tax cuts paid for with $12B in borrowing.

[–] [email protected] 3 points 1 month ago (1 children)

Where did you get the borrowing number from?

[–] [email protected] 3 points 1 month ago (1 children)

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

[–] [email protected] 5 points 1 month ago (1 children)

Thanks.

I herd the same number on Bernard Hickeys podcast.

[–] [email protected] 3 points 1 month ago (1 children)

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).

[–] [email protected] 4 points 1 month ago (1 children)

Yea, and (according to the podcast) the $12B is on top of the planned borrowing, so it is extra borrowing.

[–] [email protected] 3 points 1 month ago (1 children)

How can they claim it's not borrowing to fund tax cuts? This government really doesn't care whether their claims are true.

[–] [email protected] 3 points 1 month ago

I guess they are using magical hollywood accounting