This is the advice from Bernard Hickey who has a look at the Australian budget and what it means for New Zealand. The charts in Hickey's article are particularly revealing
New Australian Labor Prime Minister Kevin Rudd has unveiled a budget aimed at fighting inflation first and investing in infrastructure second. If only our own Labour government was as focused on the things that really matter - lowering interest rates and improving productivity - New Zealand might have a fighting chance of keeping up with the lucky continent.
