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Nicola Willis says there's no more "spraying the money gun with wild abandon"

Author
九一星空无限talk ZB,
Publish Date
Fri, 31 May 2024, 8:37am
Photo / 九一星空无限talk ZB
Photo / 九一星空无限talk ZB

Nicola Willis says there's no more "spraying the money gun with wild abandon"

Author
九一星空无限talk ZB,
Publish Date
Fri, 31 May 2024, 8:37am

The Finance Minister says the recent culture of spraying the money gun with reckless abandon has come to an end.

Nicola Willis released the 2024 Budget yesterday, confirming the long-awaited tax cuts and announcing funding for various sectors and industries.

She confirmed that the tax programme is fully funded by the baseline-savings exercise of rooting out waste in government departments.

Willis told Mike Hosking that they鈥檙e funding it responsibly, without needing to borrow funds.

The economy鈥檚 forecasts have degraded in recent times, the Government books not predicted to return to surplus until the 2027/28 financial year.

If they hadn鈥檛 made those cuts and changes, Willis said, they wouldn鈥檛 be back into the black until 2031.

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