Of deficits and debt
How big is the fiscal deficit problem and how long will it take for our governments to turn it around? Do not be fooled by rosy scenarios of painless correction. Read more
Bryce is a Senior Fellow at The New Zealand Initiative, and also the Director of the Wellington-based economic consultancy firm Capital Economics. Prior to setting this up in 1997 he was a Director of, and shareholder in, First NZ Capital. Before moving into investment banking in 1985, he worked in the New Zealand Treasury, reaching the position of Director. Bryce holds a PhD in economics from the University of Canterbury and was a Harkness Fellow at Harvard University. He is a Fellow of the Law and Economics Association of New Zealand.
Bryce is available for comment on fiscal issues, our poverty, inequality and welfare research. He also has a strong background in public policy analysis including monetary policy, capital markets research and microeconomic advisory work.
Phone: +64 4 499 0790
How big is the fiscal deficit problem and how long will it take for our governments to turn it around? Do not be fooled by rosy scenarios of painless correction. Read more
History does rhyme, and apocalyptic plays can make a sobering point or two. This government is borrowing heavily to fund current spending. Read more
Wellington (Tuesday, 26 September 2023) - As we approach the 2023 election, New Zealanders must learn from the overly optimistic projections presented by Labour before the 2017 election. New Zealand cannot afford a repeat of this fiscal recklessness. Read more
In this short research note, we have focused on the fiscal performance of the Sixth Labour-led Government. We have pointed out that much of our current predicament comes down to unrealistic plans, lack of commitment to stated intentions, and not enough rigour in fiscal management. Read more
Dr Oliver Hartwich talks to Dr Bryce Wilkinson about The New Zealand Initiative’s latest research note they have written which analyses Labour’s six-year fiscal record. To listen to our latest podcasts, please subscribe to The New Zealand Initiative podcast on iTunes, Spotify or The Podcast App. Read more
That is the sign all Ministers of Finance should have on their desk. Treasury’s latest pre-election economic and fiscal update this week forecast cumulative fiscal deficits of $17 billion for the four years ended June 2027. Read more
Tuesday’s Treasury’s pre-election forecasts confirmed that Government spending exceeds revenue by more than what was forecast in the May 2023 Budget. Far too many commentators are concluding the increase is not too bad. Read more
This week, the National Party revealed its tax plans for the election. These are aimed at people with average incomes. Read more
As the nation prepares to vote on 14 October, the sentiment across New Zealand is one of frustration and concern. Skyrocketing living costs, unaffordable housing, strained healthcare, and a growing educational gap are the voices of a country looking for change. Read more
New Zealanders should not be too proud to learn from others. In 2017, The New Zealand Initiative led 36 senior business leaders to visit Switzerland for this purpose. Read more
New Zealand’s current legislative approach to overseas investment is a mess. It is a mess because it does not focus on what is important – facilitating strong connections to the rest of the world while protecting New Zealand’s sovereignty. Read more
Wellington (Thursday, 3 August 2023) – Pharmac is commonly criticised for being too slow to fund new medicines and for not funding many of them. A policy note released today by the New Zealand Initiative shows why this may be desirable. Read more
Pharmac is often criticised for not funding enough new medicines and for being too slow to determine which ones it will fund. However, being slow and focused is not proof of being too slow or too focused. Read more
Everyone knows that Wellington’s CBD will thrive when those who know best ban cars. People will love coming into the CBD to buy bulky products, such as a microwave, to cart home on the handlebars of their bicycles. Read more
Background Yesterday the Treasury hosted a seminar on New Zealand’s lagging productivity growth rate. It shared the slot with the New Zealand Productivity Commission (NZPC) and Motu, a Wellington-based research institute. Read more