Minister defends spending record in high inflationary era
The Government has been repeatedly criticised by opposition politicians for spending too much money and increasing demand for goods and services, which pushes up costs in the domestic economy.
This inflationary impact is responded to with high base interest rates from the Reserve Bank, which flow ultimately into higher interest rates for the would-be home buyer, and leaves mortgage advisers swimming into a swimming into a strong current.
Grant Robertson though did not accept this view, saying state spending had been worked out carefully and the increase in expenditure was largely to the pandemic
His comments came as he was presenting the Government record to the nation in Wellington Wednesday.
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