Friday, October 10, 2008

New Zealand gets it!!

A fiscal plan combined with monetary policy. Something we should do here.

"The response must be about more than battering down the hatches ... We should see this as an opportunity to position the economy for the longer term, as well as manage the risks."

The report suggested provisional tax payments be deferred for 24 months, capital investment be "prioritised and incentivised"

Read article here.

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