Nicola Willis is looking to further rein in Government spending in next month's Budget - but one expert has warned it won't go far enough.

The Finance Minister is slashing the operating allowance from $2.4 billion to $1.3 billion.

She's targeting a return to surplus in 2029.

NZ Initiative economist Eric Crampton says Government spending has been running too high for years - and cuts need to be made to save the situation.

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Nicola Willis is looking to further rein in Government spending in next month's Budget - but one expert has warned it won't go far enough.
The Finance Minister is slashing the operating allowance from $2.4 billion to $1.3 billion.
She's targeting a return to surplus in 2029.
NZ Initiative economist Eric Crampton says Government spending has been running too high for years - and cuts need to be made to save the 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

Eric Crampton: NZ Initiative economist on Nicola Willis' plan to rein in Government spending in the Budget

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fa548fc2-7841-44b4-a35f-b2cf00726894/transcript