Inflationary Impacts of Tax Cuts vs Deficit Reduction
Matthew Hooton made this Official Information request to The Treasury
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From: Matthew Hooton
Dear The Treasury,
1. Under the Official Information Act, I request all advice to ministers or their staff prepared since the formation of the Coalition Government on the probable inflationary effects of personal-tax cuts (defined broadly to include increased Working for Families tax credits, adjustments to income-tax thresholds and other matters mentioned in the National Party tax policy for the 2023 election referred to in the National-Act and National-NZ First Coalition agreements), compared with reducing the operating, OBEGAL and/or core Crown residual cash deficits by the same amount as the fiscal impact of any personal-tax cuts.
2. I understand from the Minister of Finance's recent speech that advice is being prepared on the probable inflationary effects of personal-tax cuts compared with maintaining or increasing core Crown expenses by the same amount as the fiscal impact of any personal-tax cuts. Please do not confuse my request with that quite different work.
3. Nevertheless, it seems to me that, in the interests of increasing progressively the availability of official information to the people of New Zealand in order to enable their more effective participation in the making and administration of laws and policies and to promote the accountability of Ministers of the Crown and officials, and thereby to enhance respect for the law and to promote the good government of New Zealand, it would be highly desirable for the information I have requested in 1 above not to be publicly released any later that the information referred to in 2 above. In practice, I suspect that means it should be released on or before Budget Day.
4. Thank you in anticipation of your prompt and professional response to this request as soon as reasonably practicable as required by law.
Yours faithfully,
Matthew Hooton
From: Ministerial Services Inbox [TSY]
The Treasury
Dear Matthew
Your request under the Official Information Act 1982, was received on 10
May 2024. A response will be provided in accordance with the Act.
The Treasury may publish the response to your Official Information Act
(OIA) request. When you are provided with a response to this request, you
will be informed about whether the response to your OIA request will be
published. If the Treasury does publish the response to your OIA request,
personal information, including your name and contact details, will be
removed. This publication process does not apply to extension letters or
transfers.
Ngâ mihi
Niko | Ministerial Advisor | Te Tai Ôhanga – The Treasury
Visit us online at [1]https://treasury.govt.nz/ and follow us on Twitter,
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