National Party finance spokesman Steven Joyce's claim yesterday that Labour’s spending plan has a $11.7 billion hole in it has been dismissed by a number of New Zealand’s top economists.
Steven Joyce doubled down on his claim today saying "either Labour have their budget allowances wrong or they’ve left out billions and billions of dollars of government spending in future years from their plan".
But, Labour is adamant there is no $11.7 billion hole in its finances and plenty of senior economists who have looked at Labour’s plan agree.
Those spoken to by 1 NEWS today include ANZ chief economist Cameron Bagrie, Christina Leung from the NZIER, Eric Crampton from the New Zealand Initiative and independent economist Shamubeel Eaqub.
Most of those say Labour's spending plan does looks tight and that it will be a challenge to accommodate any new spending commitments in the future.
However, none of them believe there is an $11.7 billion hole in the plan.
"He is looking very alone tonight," 1 NEWS political editor Corin Dann said of Mr Joyce.