An Acadmeic says New Zealanders should expect taxes to rise as a result of the Government's $50 billion Budget announced yesterday.
The Government is yet to outline a plan as to how it will pay for the significant increase in borrowing, as they attempt to limit the impact of the Covid-19 pandemic.
The Finance Minister, Grant Robertson, says it's too early to say if taxes will need to go up in the future, but Professor Adrian Sawyer from the University of Canterbury's Business School told Māni Dunlop that unless the Government is happy to sit on large deficits for the foreseeable future, there will have to be changes to taxes.
