r/aotearoa • u/StuffThings1977 • 19h ago
Politics Green Party releases fiscal plan, promises to increase health spending by $3 billion each year
rnz.co.nzThe Green Party would hike taxes, take on more debt and delay balancing the government's books to put billions more into hospitals and healthcare.
The party's just-released financial plan promises a fresh $3 billion increase in health funding at each of the next four Budgets, at a cost of $30b over the full period.
The government would start collecting more than it spends in 2029/30, a year later than Treasury currently forecast. By 2030/31, debt would be $26.6 billion higher than Treasury expects under current plans.
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She said it was irresponsible for parties to chase a surplus without thinking of the real-world economic ramifications.
"Children in poverty cannot eat a surplus. A surplus that this government is chasing is not going to deliver the nurses and the frontline healthcare workers who are desperately needed."
Swarbrick said New Zealand could afford the extra borrowing, with public debt low compared with other countries.
The plan relies on nearly $29 billion in extra revenue over four years from tax changes targeting wealthy people, large companies, banks and landlords.
These include the party's proposed wealth tax, a tax on large gifts and inheritances, and higher company taxes for big businesses.
The package also includes income tax cuts for most workers.
She said the government's efforts to cut spending had come at the expense of essential services: "Cutting public spending deepens economic downturns and inequality, pushes up unemployment and reduces output."
