Treasury's Half Year Economic and Fiscal Update has painted a concerning picture for the Government books.

It forecasted the deficit will peak at $16.9 billion dollars, and only drop to $60 million in the 2029-2030 financial year. 

Independent economist Cameron Bagrie says this forecast doesn't come with many surprises.

"If you look at the bigger picture, we're now going to have a decade of deficits. And if you look at the last two years, the situation's actually been worsening." 

LISTEN ABOVE

Treasury's Half Year Economic and Fiscal Update has painted a concerning picture for the Government books.
It forecasted the deficit will peak at $16.9 billion dollars, and only drop to $60 million in the 2029-2030 financial year.&nbsp;
Independent economist Cameron Bagrie says this forecast doesn't come with many surprises.
"If you look at the bigger picture, we're now going to have a decade of deficits. And if you look at the last two years, the situation's actually been worsening."&nbsp;
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

Cameron Bagrie: independent economist on surplus being pushed out to 2029

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/64a0345b-1776-4063-a805-b3b50063ef36/transcript

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