{"id":44673,"date":"2022-05-20T11:45:05","date_gmt":"2022-05-20T02:45:05","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/commentisfree\/2022\/may\/20\/new-zealand-budget-might-disappoint-left-but-could-help-labour-win-re-election"},"modified":"2022-05-20T11:45:05","modified_gmt":"2022-05-20T02:45:05","slug":"new-zealand-budget-might-disappoint-left-but-could-help-labour-win-re-election-morgan-godfery","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=44673","title":{"rendered":"New Zealand budget might disappoint left but could help Labour win re-election | Morgan Godfery"},"content":{"rendered":"<p>In previous years we saw a tantalising glimpse of Grant Robertson as \u2018Red Robbo\u2019 \u2013 but moderation may win back centrists<\/p>\n<p>On Thursday finance minister Grant Robertson <a href=\"https:\/\/www.theguardian.com\/world\/2022\/may\/19\/new-zealand-budget-2022-ardern-cost-of-living-storm-health-climate\">laid out the fifth budget of his career<\/a> \u2013 and easily his most conservative. It was a remarkable reversal for a politician who, only two years ago, was staring down the early months of a devastating pandemic, releasing billions of dollars in economic stimulus. <\/p>\n<p>That stimulus was responsible for securing a record low unemployment rate, achieving a record run of economic growth and \u2013 if Robertson\u2019s worst critics are correct \u2013 record growth in inflation. And that was the background to Thursday\u2019s announcement. Inflation is running a little shy of 7% and forecasters warn that relief is unlikely in the short term. Petrol prices are over $3 a litre in most centres, food prices only go one way (up) and interest rate rises are certain to occur over the short to medium term, increasing the cost of servicing a mortgage.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/commentisfree\/2022\/may\/20\/new-zealand-budget-might-disappoint-left-but-could-help-labour-win-re-election\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In previous years we saw a tantalising glimpse of Grant Robertson as \u2018Red Robbo\u2019 \u2013 but moderation may win back centristsOn Thursday finance minister Grant Robertson laid out the fifth budget of his career \u2013 and easily his most conservative. It was a re&#8230;<\/p>\n","protected":false},"author":655,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,56,933,42],"tags":[],"class_list":["post-44673","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-new-zealand","category-new-zealand-politics","category-world-news"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/44673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/655"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44673"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/44673\/revisions"}],"predecessor-version":[{"id":44674,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/44673\/revisions\/44674"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}