By Lucy Craymer
WELLINGTON (Reuters) – New Zealand’s finance minister said on Tuesday the government should continue to be careful about spending and flagged the introduction of new fiscal rules in the budget next month.
“It’s really important that we use fiscal policy sensibly to be able to make sure New Zealand not only keeps a lid on debt but that we invest in the right things,” finance minister Grant Robertson told a news conference.
He said new fiscal rules would be introduced at this year’s budget in May after some fiscal targets were previously suspended as the government responded to the COVID-19 pandemic.
But Robertson stressed that even as New Zealand must be careful with spending, infrastructure projects such as the overhaul of the country’s health system remains important.
“It is important that we don’t cut our nose off to spite our face and take away funding,” he said.
New Zealand’s central bank has raised interest rates at four consecutive meetings and signalled more hikes in coming quarters as it expects annual inflation to peak around 7% in the first half of this year.
Rising costs have also prompted calls from opposition parliamentary members for the government to use fiscal policy to help temper inflation.
(Editing by Jacqueline Wong)
New Zealand should spend cautiously, fiscal rules expected – Finance Minister | The Mighty 790 KFGO & More New Zealand Latest News Update
New Zealand should spend cautiously, fiscal rules expected – Finance Minister | The Mighty 790 KFGO & More New Zealand Live News
All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue
to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.
New Zealand should spend cautiously, fiscal rules expected – Finance Minister | The Mighty 790 KFGO & More New Zealand Trending News Today
All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information breaking news today of this news, you can get other types of news along with your country and city. You will be able to get information related to, as well as you will be able to get information about what is going on around you through us for free
so that you can make yourself a knowledgeable by getting complete information about your country and state and information about news. Whatever is being given through us, I have tried to bring it to you through other websites, which you may like
very much and if you like all this news, then definitely around you. Along with the people of India, keep sharing such news necessary to your loved ones, let all the news influence them and they can move forward two steps further.
Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links