Quote Originally Posted by Blue Skies View Post
Whoa, hold on, your outrage may be a bit misplaced.
The projected Govt contributions to the Superannuation fund are set by Treasury's NZ Superannuation Fund Contribution Rate Model which is always publicly available on Treasury's website. It's a formula so actual contributions are going to vary from year to year.
Goldie made a big deal of waiting till the PREFU came out to get the correct figures to base their economic policy on.
But he used the wrong figures & made a $4B mistake & claimed in his defence on ZB this morning, it's a big document with lots of figures!
C'mon Paul, are you saying it's too complicated for you ? replied a clearly scathing Hoskings.

Secondly, Goldie only admitted the mistake after Grant Robertson corrected the figures for him, he seems completely naive.

Judith & others in National feel very let down, as economic competence is the key plank of the election strategy.
It's such a terrible mistake, some are even asking if it was intentional to destabilise Collin's leadership.
Interesting.
Iceman - read some of the stuff here
https://www.treasury.govt.nz/publica...odel-befu-2020
Seems Goldsmith needs to understand how it works also.
Looks like, because the projections for the economy have changed since the budget, the sums given to the fund also change.
So the Govt hasn't cut the contribution, just that less contribution is required.
Unlike National who want to just not contribute - like they did last time they were in.