The PREFU shows us Labour is leaving us with a decade of deficits. But despite forecasts showing the Government will need to borrow money fpor the next 12 years or so, they have gone on making huge spending promises.
The Herald has counted up the numbers and finds that Labour is planning to spend a net $3.65 billion more. Now this is simply not possible. They will have to increase taxes to do this, or break their promises.Tags: government debt, government spending, Labour