'Fiscal holes' vs deficits and what they mean for the election

You always know we’re getting closer to an election when the words ‘fiscal hole’ start getting thrown around the place.  

Our major parties have engaged in a back and forth in recent weeks, with National getting criticised for the costings of their transport policy, before the Government faced accusations of a $20 billion hole in Government revenue. 

So, what exactly is a fiscal hole, are any of the political parties in the red when it comes to their finances – and would any new taxes help plug some potential shortfalls? 

NZ Herald Wellington business editor Jenée Tibshraeny talks us through the hot election term.

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