The Finance Minister's still aiming for a surplus this decade, despite today's bleak economic news.

Treasury's Half Year Economic and Fiscal Update shows more delay to getting the books back to black. 

The deficit's expected to deepen more to a high of $16.9 billion and not narrow to $60 million dollars until 2029-30.

Nicola Willis says a 2029 surplus is very achievable.

"What that will take is just a small revision to the growth upwards, combined with fiscal discipline. And those are two things that our Government is committed to." 

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The Finance Minister's still aiming for a surplus this decade, despite today's bleak economic news.
Treasury's Half Year Economic and Fiscal Update shows more delay to getting the books back to black.&nbsp;
The deficit's expected to deepen more to a high of $16.9 billion and not narrow to $60 million dollars until 2029-30.
Nicola Willis says a 2029 surplus is very achievable.
"What that will take is just a small revision to the growth upwards, combined with fiscal discipline. And those are two things that our Government is committed to."&nbsp;
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.

Best of Business

Nicola Willis: Finance Minister hopeful surplus will be achieved by 2029 following half-year update

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/67042c83-a250-4ced-988b-b3b5004f0c36/transcript