I wouldnt pretend NZ is fiscal utopia by a long way, but actually pretty weak provisions have resulted in quite strong fiscal discipline. https://econpapers.repec.org/paper/risnzierw/2018_5f001.htm for a review. Governments may have to act faster than a referendum can be organized but so long as there is then a realistic plan to return to a budget surplus, I dont think you need one.
But your comments have reinforced my view that my beliefs are not weird.
I wouldnt pretend NZ is fiscal utopia by a long way, but actually pretty weak provisions have resulted in quite strong fiscal discipline. https://econpapers.repec.org/paper/risnzierw/2018_5f001.htm for a review. Governments may have to act faster than a referendum can be organized but so long as there is then a realistic plan to return to a budget surplus, I dont think you need one.
But your comments have reinforced my view that my beliefs are not weird.