Nicola Willis: Finance Minister on the Government's financial update revealing surplus won't return until 2030

episode

Best of Business not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Best of Business

Jannet Xuccoa: When's the right time for a trust? 44 min · 21 Dec 2025

All episodes from Best of Business →

Report any issue

Source

Recorded17 Dec 2024

Publisheromnycontent.com ↗

Handlerec:7247074

Show notes

The Government's devised a new measure for counting its coins, which gives it a more positive look. Treasury reports the Government now won't hit surplus before 2030 at the earliest, rather than 2027. But the Finance Minister says the official measure will no longer consider the $4.1 billion ACC deficit, putting the books in the black mid-2029. Nicola Willis says the Government inherited a tough set of economic conditions. "As we look ahead, we are seeing the scars that were left by the huge spending policies of the last Government in the wake of Covid - they set us on a path that was not sustainable and we've now got the tough job of cleaning it up." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.