The economic outlook and Government books were in better shape than predicted, but Treasury has issued a warning following PREFU.

According to one expert, Treasury claimed Government spending had exceeded the signalled Budget allowance in recent times- creating a grim outlook for the future.

Infometrics Principal Economist Brad Olsen warned further decisions around additional spending will have to be made in the context of raising more revenue or cutting spending elsewhere.

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The economic outlook and Government books were in better shape than predicted, but Treasury has issued a warning following PREFU.
According to one expert, Treasury claimed Government spending had exceeded the signalled Budget allowance in recent times- creating a grim outlook for the future.
Infometrics Principal Economist Brad Olsen warned further decisions around additional spending will have to be made in the context of raising more revenue or cutting spending elsewhere.
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.