Arnold Nordmeyer
New ZealandpoliticianMaleb. 19134.0Global Dominance: 0.00%Arnold Nordmeyer was a New Zealand politician and a member of the Labour Party who served as Minister of Finance in the late 1950s. He is notably recognized for presenting the controversial 'Black Budget' in 1958, which introduced significant excise tax hikes on tobacco, alcohol, and petrol, aimed at addressing a severe fiscal deficit. His policies were met with public discontent and are often cited as pivotal in shaping New Zealand's economic history.
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Labour was also turfed out in 1960, unforgiven by the public for Arnold Nordmeyer’s infamous Black Budget.
Slow recovery: Why it’s too late for the economy to save National now – Liam DannThe New Zealand Herald – country’s largest newspaper, est. 1863·New Zealand· 2026-08-02
New Zealand· 2026-08-02
Labour Finance Minister Arnold Nordmeyer hiked excise taxes on cigarettes, alcohol and petrol.
New Zealand’s top-five Budget bombshells ... plus, how can economists be so divided on the need for rate hikes – Inside EconomicsThe New Zealand Herald – country’s largest newspaper, est. 1863·New Zealand· 2026-05-28
New Zealand· 2026-05-28
