COMMENT

Much has been written and moralised in regard to Grant Robertson's 2019 "Wellbeing Budget".

The elephant in the room, and one which sets this Budget apart from all other Budgets stretching back to 1993, is this Government's moving of its debt target.

Finance Minister Grant Robertson announced that the debt target would be moved from 20 per cent to a spread of 15-25 per cent.

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This is the first time a government has honestly communicated to the constituency that the debt target has been increased- if required. Prior to this, there was the golden rule of orthodoxy, as implemented