David Seymour criticises government fiscal projections and policy debate

Act leader David Seymour has described New Zealand's current policy debate as a "dumpster fire". Speaking in Auckland, Seymour suggested that currency markets are observing two negative trends: declining polling for the coalition Government and the nature of the policy debate.

Seymour criticised the Government's fiscal projections, calling them "heroic". He noted that while the Government is borrowing $9 billion, it is promising a surplus in two years based on revenue assumptions that include an increase of $12 billion over the previous year.

The Act leader also addressed the weakening New Zealand dollar, linking it to political policies and the country's finances. He argued that the currency should be strong given current global conditions, but is instead falling against other currencies.

Act's upcoming fiscal plan, due for release this Sunday, aims to reach a surplus without introducing new taxes. The plan is expected to include measures such as reducing the number of ministers and departments, increasing the medicine budget, and addressing the superannuation bill.

Where reports differ

• One report specifies the speech took place in Auckland at the QT Hotel, while the other does not mention the specific location.

Compiled from reports by NZ Herald and The Post.