Budget 2011: Magic numbers
After much speculation by Bernard Hickey and other commentators that the figures for Budget 2011 on growth and job creation might have been taken out of thin air, it appears the Ministry of Economic Development agrees:
Ministry unsure about Budget's job promise
The Ministry of Economic Development has not done any analysis of where the 170,000 new jobs promised in the Budget will come from.
Acting Economic Development Minister David Carter told the commerce select committee today he was not aware that any analysis had been done.
"Bear in mind the Government hasn't said it will create the 170,000 new jobs - the Budget said there will be 170,000 jobs," he said.
Asked by committee chairwoman Lianne Dalziel which sectors the jobs would come from, Mr Carter said he did not know and had not done any work in that area.
That all cylinders are firing out of sync signals that this is much more of an election year budget than any real economic plan to get NZ out of debt.