The Greens $800 million blunder

Radio NZ reports:

The Green Party has had to correct an error to its tax policy, which had put its costings out by $800 million.

The mistake involved extra funding for Inland Revenue being calculated as a revenue measure, rather than a cost.

The party then quietly re-uploaded the policy document with the correct figures after RNZ made enquiries.

It then released a press release saying there was a “typo” just after 12pm.

It wasn’t a typo. A typo is when you type in the wrong thing.

It was a fundamental error where they treated an expense and revenue. They stuck the $400 million in the wrong part of the spreadsheet, used it incorrectly in calculations and based a fiscal impact on it which was out by $800 million.