The Finance Minister is standing by decisions to borrow a lot of money to get through Covid, after the Government's books were opened.

Treasury has reported a budget deficit of $9.7 billion, almost half the Budget forecast.

Grant Robertson told Tim Dower relative to where we thought we'd be, and the rest of the world, we've done well.

He says every country had to find a way of dealing with this massive shock, and the accounts show we've come through it better than most.

LISTEN ABOVE

The Finance Minister is standing by decisions to borrow a lot of money to get through Covid, after the Government's books were opened.
Treasury has reported a budget deficit of $9.7 billion, almost half the Budget forecast.
Grant Robertson told Tim Dower relative to where we thought we'd be, and the rest of the world, we've done well.
He says every country had to find a way of dealing with this massive shock, and the accounts show we've come through it better than most.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.