Two key economic issues that should be tackled in Budget 2022 – but don’t hold your breath, folk

Two  of  New Zealand’s principal economic    issues   are  its  low  productivity and  high effective   corporate  tax  rates.

So will the  Ardern  government  tackle  these   issues   in  Budget  2022?

Finance  Minister  Grant  Robertson  could   write  himself   into   NZ’s  economic  history  if  he  did  so.

Sadly,  Point of  Order  suspects  he  might  go  for  what are  quick-fixes  (if he  does  anything at all)  that  do  little  to  raise  investment levels  and  lift  productivity  to stop NZ  falling   further  behind other  advanced  economies..

The  OECD in  its annual  review   of the  NZ  economy attributed  the low productivity rate  to muted product market competition, weak international linkages and innovation, and skills and qualifications mismatches.   Continue reading “Two key economic issues that should be tackled in Budget 2022 – but don’t hold your breath, folk”