The Finance Minister's painting a grim picture of the economy - signalling the Government will further cut into the Public Service. 

Treasury's opened its books for the half-year economic and fiscal update - showing the expected surplus has been pushed out from 2027 to beyond 2030.

Nicola Willis has adjusted the way the surplus is calculated, but says come Budget Day next year, she'll be forced to make some tough decisions. 

Newstalk ZB senior political correspondent Barry Soper says the Government inherited a tough situation.

LISTEN ABOVE

The Finance Minister's painting a grim picture of the economy - signalling the Government will further cut into the Public Service.&nbsp;
Treasury's opened its books for the half-year economic and fiscal update - showing the expected surplus has been pushed out from 2027 to beyond 2030.
Nicola Willis has adjusted the way the surplus is calculated, but says come Budget Day next year, she'll be forced to make some tough decisions.&nbsp;
Newstalk ZB senior political correspondent Barry Soper says the Government inherited a tough situation.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Barry Soper: Newstalk ZB senior political correspondent on today's half-year economic and fiscal update

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/20fbaf28-554e-45a9-8ffb-b2490049dec5/transcript