The Finance Minister says the Government has made the right move in delaying increase to the fuel tax at this stage.

The excise was due to rise 12-cents a litre next January, but has been delayed to the following year - and will only be five cents.

Nicola Willis says the Government is still on the path to returning to surplus, and they've determined they can fit this in as part of it.

"Ultimately, we've judged that we can fit it and also meet all of our budget responsibility rules in terms of maintaining that path to surplus - ensuring that we're still going to get debt tracking down."

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The Finance Minister says the Government has made the right move in delaying increase to the fuel tax at this stage.
The excise was due to rise 12-cents a litre next January, but has been delayed to the following year - and will only be five cents.
Nicola Willis says the Government is still on the path to returning to surplus, and they've determined they can fit this in as part of it.
"Ultimately, we've judged that we can fit it and also meet all of our budget responsibility rules in terms of maintaining that path to surplus - ensuring that we're still going to get debt tracking down."
LISTEN ABOVE

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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 on the Government delaying increases to the fuel excise tax

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a1e5db91-b8a8-479c-99f4-b4b700742b00/transcript