One expert has labelled the Government's Budget Policy Statement a 'sobering reality check' with no surprises.

The Finance Minister says a surplus is unlikely to happen by 2026/27 and Treasury has warned the economy will slow down- forcing the Government to borrow more.

NZ Herald Wellington business editor Jenee Tibshraeny unpacks what this could mean for the proposed tax cuts.

LISTEN ABOVE

One expert has labelled the Government's Budget Policy Statement a 'sobering reality check' with no surprises.
The Finance Minister says a surplus is unlikely to happen by 2026/27 and Treasury has warned the economy will slow down- forcing the Government to borrow more.
NZ Herald Wellington business editor Jenee Tibshraeny unpacks what this could mean for the proposed tax cuts.
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.