"Hon Phil Goff: Is the Prime Minister, then, telling the House that he is borrowing $40 billion just to preserve public sector jobs"”that is what he said on Q+A"”and how does that match up with his claim earlier that he was borrowing to pay for superannuation, when, in fact, everybody knows he is borrowing to pay for the tax cuts?
Hon JOHN KEY: I can assure the member that we are not borrowing $40 billion for tax cuts. What we are doing is borrow $40 billion over the next 3 years, over and above"”
Hon Phil Goff: You're not borrowing $40 billion to pay for public sector jobs, either, and the Prime Minister knows it.
Hon JOHN KEY: The Leader of the Opposition needs to get out the Crown accounts and understand what is happening. Over the next 3 years, about $200 billion will be spent by the Government. There is a shortfall of about $40 billion. The reason the Government is borrowing is because at this time that is the appropriate thing to do in order to maintain those entitlements and those services." - Parliament TV
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