Thursday, December 24, 2009

Santa Came Early For Bill

The Four Pillars have finally agreed to cough up and spew $2.2 Billion into the general revenue. For the first time in human memory, Bill English has cracked a smile in public.

http://www.parliament.nz/NR/rdonlyres/E14B969B-7722-4767-86A8-E43F56170F4A/0/1363BillEnglish.jpg

Can someone more expert than Adolf tell whether this will have any significant effect on quarterly GDP?

6 comments:

Anonymous said...

It'll pay for about 2 months worth of social welfare (Super not included of course)

Gooner said...

We're borrowing $400 million a week. That's about 5 weeks of borrowing we don't need.

Adolf Fiinkensein said...

Errrrr- more like five and a half, ain't it?

Gooner said...

What's a few hundred million between lender and borrower.

ZenTiger said...

Interest?

Mark said...

None, it's a one-off payment, end of story.

It's like getting an extra $100.00 in you pay packet, nice at Xmas but it's not life changing.