A Newstalk ZB podcast features economist Brad Olsen critiquing the government's undisclosed $1 billion budget commitment, questioning its timing and transparency, while also promoting the KiwiRap KiwiSaver scheme to improve investor awareness and control.
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Well, I think the issue is almost pre-committee funding, but not telling anyone what it is. It's apparently coming out before the pre-election update. We still don't have a date for that as far as I'm aware. And it's it's it's just slightly weird timing to have something in the budget to have it pre-committed but not reveal the information. Like normally, what you do with a policy like this, because it looks like they either have mostly got the concept over the line but haven't fined out the policy details, usually you wouldn't have that in the budget documents. You'd instead at some point in the next month or two come out and say, look, we've got this announcement, we're still doing the policy work, uh, but we've sort of, you know, pre-charged the the the cost of this policy against the the sort of next couple of budgets. Instead of sort of this one, which is it's in the budget, but we can't tell you what it is, but it's there and it's gonna cost a lot. That that is just a little bit of an odd approach.
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odd timing suggests policy uncertainty
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