New Zealand's acting Prime Minister Winston Peters said yesterday it would be premature to make changes to the Budget Responsibility Rules at present
- But looking ahead there may be scope for the Government to loosen its fiscal responsibility rules before the next election
Yes, I am still doing a bit of a round up of items, this time back to NZ
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Background to this:
- Budget Responsibility Rules were committed to by the Coalition Government
- Include reducing Core Crown debt to 20% of GDP by 2022 & keeping core Crown spending at roughly 30% of GDP
- Policy does give leeway for the Government to review the rules during its first term in office
Winston Peters
