John Key knows he can’t meet the promised surplus so he is now using weasel words…like “artificial surplus”.
Ahead of his first major Budget speech John Key is refusing to rule out the Government hitting a surplus this year, while at the same time dismissing the target as “artificial”.
For several years National has pledged to return the Crown accounts to surplus in 2014/15, although Treasury is currently forecasting a small deficit and last week Finance Minister Bill English said a surplus was “unlikely”.
But Key, who will deliver a pre-Budget speech at Te Papa on Tuesday, maintained it could still be reached.
“It’s within cooee, one way or another, it’s a very small number,” Key told his weekly post-Cabinet press conference in the Beehive on Monday.
“We may well make the surplus even if the number’s negative on Budget day, because the numbers will move around quite a bit over the next few months. It’s very fine margins at these levels.” Read more »