While core Crown expenses (central government operational spending), is 32.5% of GDP in 2024/25 this exclude local government, crown entities, SOEβs and investment spending.
In total approx 42% of the economy is government spending. Thatβs 8% away from communism (and economic failure) where the majority of the economy is govt run.
Before COVID, NZ government spending was closer to 38β40% of GDP, so weβre had a big increase in govtβ¦ and surprise, surprise, the economy and country has faltered.
Itβs like communism hasnβt worked anywhere in the world but weβre gonna try it here. Good luck to those calling for more taxes/ CGT/ wealth taxes. Lock in a banana republic economy.
The evidence of the failure due to too much state is slapping us in the face and many still canβt see it, want to double down and blame the right.
Its evident that the right wing countries around the world are successful while weβve stood still since Covid and everyone (including Ardern) are flocking to them. (And donβt bring up Sweden which has oil).
The evidence is all there for those with any brains and itβs laughable to want more taxes.