# National attacks Labour's fiscal plan

> National leader claims Labour's fiscal plan has a real hole.
- Title: National attacks Labour's fiscal plan · RNZ | Shortify
- Summary: National leader claims Labour's fiscal plan has a real hole. National leader Christopher Luxon says Labour's fiscal plan lacks funding for public services…
- Keywords: christopher luxon, labour, fiscal plan, pay equity, national, cameron bagrie, kieran mcantly, cost of living, politics, news, attacks, Labour's
- Source: RNZ — https://rnz.co.nz/news/politics_election-2026/1737381/no-one-understands-economics-over-there-national-takes-aim-at-labour-s-fiscal-plan
- Author: RNZ | Te Reo Irirangi o Aotearoa
- Published: 2026-10-04T20:52:42+00:00
- Read time: 1 min
- Topics: christopher luxon, labour, fiscal plan, pay equity, national, cameron bagrie, kieran mcantly, cost of living, politics, news
## National leader's critique
National leader Christopher Luxon says Labour's fiscal plan has a real hole.
## Economist warns of fiscal gaps
Independent economist Cameron Bagrie says all parties have fiscal holes despite technical funding.

> here we go again, we're going to go through a big debate about fiscal holes
## Labour's pay equity stance
Labour finance spokesperson Barbara Edmonds says pay equity costs are fully funded.

> we're not going to disclose our bargaining envelope. No government does
## Luxon on pay equity costs
Luxon cites $8.5 billion unfunded pay equity costs in Labour's plan.

> you want to restore the previous pay equity scheme. You've told everybody you want to do it, and there's $8.5 billion of that unfunded
## Labour's cost of living plan
Labour claims it has a plan to tackle cost of living while National lacks details.
## National's fiscal uncertainty
National has not disclosed full fiscal plan despite claims of funding.

> we have money set aside
## Key takeaway

National leader Christopher Luxon says Labour's fiscal plan lacks funding for public services, citing $8.5 billion unfunded pay equity costs.