By New Zealand correspondent Dominique Schwartz It is hard to imagine the contained New Zealand finance minister bopping in his office ahead of delivering the nation's budget, as Joe Hockey apparently did. But the Australian Treasurer's dance song Best Day of My Life would have been more appropriate for his New Zealand counterpart Bill English, who has served up one of the rarest of economic dishes: a forecast budget surplus of $NZ372 million ($340 million) in 2014-15, after a $NZ2.4 billion ($2.2 billion) deficit this financial year. Also on the menu were election year sweeteners including extended parental leave, and free doctor's visits and prescriptions for children up to 13 years old. By contrast, Federal Treasurer Joe Hockey delivered a hard-to-swallow $50 billion deficit accompanied by a collection of bitter pills, among them, co-payments for GP visits and cuts to welfare, family benefits and the public service. More » |
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