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The March Towards Poverty: Why the Labour Government has much more to deal with than the economic consequences of Covid-19 in its upcoming budget

Author

Listed:
  • Roger DOUGLAS

    (Former Minister of Finance, New Zealand)

  • Robert MacCULLOCH

    (University of Auckland, New Zealand)

  • Hugh McCAFFREY

Abstract

This article examines the structural and policy-driven challenges facing New Zealand’s Labour Government beyond the immediate economic fallout of Covid-19. It argues that long-term welfare dependency, declining productivity, and unsustainable fiscal commitments pose deeper threats to economic resilience. The authors advocate for reforms in welfare, education, and public finance to reverse the trajectory toward poverty.

Suggested Citation

  • Roger DOUGLAS & Robert MacCULLOCH & Hugh McCAFFREY, 2025. "The March Towards Poverty: Why the Labour Government has much more to deal with than the economic consequences of Covid-19 in its upcoming budget," Journal of Economics and SDGs Review, EconSciences Journals, vol. 1(1), pages 1-12, September.
    • Handle: RePEc:cvv:journ7:v:1:y:2025:i:1:p:1-12
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    JEL classification:

    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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