New Zealand's finance chief denies pandering to voters' cost-of-living concerns

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The New Zealand government had to balance helping people cope with higher costs of living with limiting the inflationary impact of government expenditure.

New Zealand's finance minister has denied the country's new budget is aimed at placating voters ahead of the country's next general election in October.

Asked if the budget was short-term thinking to spend and worry about inflation and high deficits later, Grant Robertson replied: "On no, we're absolutely doing both of those things at the same time." In an exclusive interview with CNBC on Friday, Robertson said: "I think sometimes finance ministers get accused of doing all sorts of things in election years, but actually I feel my job here is to help New Zealanders through this difficult economic time, but also look to those years ahead with inflation a bit lower."following severe weather events and announced measures aimed at helping people cope with rising cost of living despite a larger-than-expected government deficit.

 

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