The Finance Minister turned up to readjust expectations ahead of this year's Budget.

Addressing the Employers and Manufacturers Association in Auckland this afternoon, Nicola Willis has warned the Government faces a structural deficit.

That's the fact Government spending has way exceeded tax revenue, and it's projected to continue without significant spending reforms.

ZB senior political correspondent Barry Soper explains how this update will impact next week's Budget reveal.

LISTEN ABOVE

The Finance Minister turned up to readjust expectations ahead of this year's Budget.
Addressing the Employers and Manufacturers Association in Auckland this afternoon, Nicola Willis has warned the Government faces a structural deficit.
That's the fact Government spending has way exceeded tax revenue, and it's projected to continue without significant spending reforms.
ZB senior political correspondent Barry Soper explains how this update will impact next week's Budget reveal.
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.

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