Robertson and Hipkins have admitted Government's books are in a more challenging position than expected- but deny claims of a fiscal hole.

The Finance Minister confirmed he met with public service chiefs for a meeting about monetary restraint.

NZ Herald business editor Liam Dann explained that as the economy goes further south and diverges from Treasury forecasts, the gap in the Crown accounts grows- but it's unlikely to be $20 billion.

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Robertson and Hipkins have admitted Government's books are in a more challenging position than expected- but deny claims of a fiscal hole.
The Finance Minister confirmed he met with public service chiefs for a meeting about monetary restraint.
NZ Herald business editor Liam Dann explained that as the economy goes further south and diverges from Treasury forecasts, the gap in the Crown accounts grows- but it's unlikely to be $20 billion.
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.