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Reducing Government spending needed to boost growth and tax system unfair on workers - new Treasury boss

The new Treasury Secretary, Caralee McLiesh, has emphasized the need for reducing government spending to stimulate economic growth in New Zealand. In her first major speech, she highlighted that the current tax system disproportionately burdens workers, suggesting that tax reforms could help address this inequity. McLiesh also pointed out the necessity for fiscal discipline to manage the country's debt, which has been exacerbated by recent economic challenges. She advocates for a balanced approach to public spending, aiming to enhance productivity and economic resilience while ensuring that the tax system supports rather than hinders economic participants. Her comments come at a time when New Zealand faces economic recovery post-Covid, with a focus on sustainable growth and fairness in taxation.

Read the Full The New Zealand Herald Article at:
[ https://www.nzherald.co.nz/nz/politics/reducing-government-spending-needed-to-boost-growth-and-tax-system-unfair-on-workers-new-treasury-boss/6LWCBHVOEJGZJOT5OC2A6UQXKQ/ ]