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'Doesn't touch the sides': Expert issues warning as Nicola Willis plans to slash spending in Budget 2025

Author
Newstalk obÌåÓý½Ó¿Ú,
Publish Date
Wed, 30 Apr 2025, 6:56pm
Finance Minister Nicola Willis will offer a Budget briefing. Photo / Mark Mitchell
Finance Minister Nicola Willis will offer a Budget briefing. Photo / Mark Mitchell

'Doesn't touch the sides': Expert issues warning as Nicola Willis plans to slash spending in Budget 2025

Author
Newstalk obÌåÓý½Ó¿Ú,
Publish Date
Wed, 30 Apr 2025, 6:56pm

Nicola Willis is looking to further rein in Government spending in next month's Budget - but one expert has warned it won't go far enough.

The Finance Minister is slashing the operating allowance from $2.4 billion to $1.3 billion.

She's targeting a return to surplus in 2029.

NZ Initiative economist Eric Crampton says Government spending has been running too high for years - and cuts need to be made to save the situation.

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