Media watch – Wednesday

15 November 2017

MediaWatch

Media Watch is a focus on New Zealand media, blogs and social media. You can post any items of interested related to media.

A primary aim here is to hold media to account in the political arena. A credible and questioning media is an essential part of a healthy democracy.

A general guideline – post opinion on or excerpts from and links to blog posts or comments of interest, whether they are praise, criticism, pointing out issues or sharing useful information.

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6 Comments

  1. Blazer

     /  November 15, 2017

    Adern must want 1 term only…pushing,and pushing..
    ‘Meanwhile Ardern had a 20-minute meeting with Australian Prime Minister Malcolm Turnbull in Manila last night about expediting Manus Island refugees to settle in New Zealand.

    She also said the Government would give up to $3 million from the Overseas Development Assistance budget to help Papua New Guinea with the costs of keeping the asylum seekers, in conjunction with an agency such as the Red Cross.

    She said the upshot of the meeting with Turnbull was that if Australia agreed to take up New Zealand’s offer to resettle 150 of the refugees, the process would be speeded up.

    “New Zealand’s offer remains on the table,” she told New Zealand reporters in Manila covering the East Asia Summit attended by herself and Turnbull.’NZH.

    Reply
  2. High Flying Duck

     /  November 15, 2017

    Well this is a HUGE shock…economists are now expecting labour to need to borrow billions more than expected to enact their spending promises.
    This is so unforseen. If only someone had been able to see this coming!

    https://www.stuff.co.nz/business/98870648/economists-see-government-debt-rising-billions-more-than-labours-plan

    “…But bank economists, who monitor the likely issuance of government bonds, are warning of pressure for Treasury to borrow billions more than Labour had signalled because of new spending promises.

    ANZ has forecast that Labour will borrow $13 billion more than its pre-election fiscal update maintained it would over the next four years, although around $3b of that would go to the NZ Super Fund. This would see net Crown debt at 23 per cent of gross domestic product, 3 percentage points higher than Labour’s plan.

    Outgoing ANZ chief economist Cameron Bagrie said the estimates for new spending were conservative.

    “[S]pending pressures are all headed one way – and a lot depends on the economy holding up.”

    In the days following the election Bagrie had also warned that if National had been able to form a Government, it too was likely to borrow more than planned to secure the support of NZ First.

    BNZ has also indicated it expects borrowing to be stronger than Labour had flagged. Strategist Jason Wong said the half year economic and fiscal update would probably show “in the order of” an additional $2b-$3b a year in bond issuance in the coming years.

    BNZ senior economist Craig Ebert said the figures were hard to determine so early in the term, but borrowing “could amount to a number of billion dollars” more than Labour had outlined.”

    Reply
    • so the $11 Billion hole is actually $13 Billion!

      Reply
      • Blazer

         /  November 15, 2017

        I would bet anyone Labour do not borrow as much as National. ..did.

        Reply
        • Alan Wilkinson

           /  November 15, 2017

          I would probably agree so long as there wasn’t another GFC or earthquake disaster on the scale of Chch. But they’ll try anyway.

          Reply
        • High Flying Duck

           /  November 15, 2017

          You’re right – Christchurch should have been left to rot, and beneficiaries made to starve shouldn’t they Blazer?
          Those bloody Nats looking after the country through bad times!
          They should have been more like this government and borrowed money in good times when there were no disasters or financial crises…

          Tell me again how good Clark & Cullen were with the books while the global economy was irrationally inflating itself like a balloon…

          Reply

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