“A damning report from the Government Treasury last week warned Finance Minister, Grant Robertson that economic growth over coming years will not be enough to provide extra revenue into the Government to repay all the additional debt that has been taken on over the last 18 months. Fiscal policy will need to be tightened by either increasing tax rates or reducing Government spending.

A Labour Government will not be doing the latter, so businesses and households should strap themselves in for taxation increases that will impede both consumer spending and investment” (Roger Kerr)

John Kenel
Assured Property

Source: interest.co.nz

#assuredproperty #housing #rentals #propertyinvestment