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Fighting fit? Assessing New Zealand’s fiscal sustainability

Author

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  • Lees, Kirdan

    (New Zealand Institute of Economic Research)

Abstract

A new report from the New Zealand Institute of Economic Research (NZIER) highlights the unprecedented fiscal challenges that New Zealand politicians will face in coming decades. NZIER recommends that tough decisions around taxes and government spending need to be taken now, and stuck to, in order to avoid a US-like situation in the future when the economic and political costs of correcting debt levels become dangerously high. A bipartisan agreement on funding superannuation costs would be a good starting point.

Suggested Citation

  • Lees, Kirdan, 2013. "Fighting fit? Assessing New Zealand’s fiscal sustainability," NZIER Working Paper 2013/5, New Zealand Institute of Economic Research.
    • Handle: RePEc:ris:nzierw:2013_005
    as

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    File URL: https://www.nzier.org.nz/publications/fighting-fit-assessing-new-zealands-fiscal-sustainability-nzier-public-discussion-paper-20135
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    References listed on IDEAS

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    More about this item

    Keywords

    fiscal sustainability; superannuation; pensions; New Zealand;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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