The Government's financial books have sunk further into debt in the year to June, with Treasury revealing the deficit on the Crown books deepened by $3.4 billion.

It was also $1.8 billion worse than Treasury forecast in the May budget. 

Minister of Finance Nicola Willis joins Francesca Rudkin to explain why. 

LISTEN ABOVE

The Government's financial books have sunk further into debt in the year to June, with Treasury revealing the deficit on the Crown books deepened by $3.4 billion.
It was also $1.8 billion worse than Treasury forecast in the May budget.&nbsp;
Minister of Finance Nicola Willis joins Francesca Rudkin to explain why.&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

Nicola Willis: Finance minister on Government debt worse than initially thought

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fb8b4c16-3707-445d-98c2-b205004f52c8/transcript

In a crucial step towards reducing scams, banks will introduce a Confirmation of Payee system next month to be fully in place by Easter of next year. 

The system notifies a customer if the name and account they are transferring money into don't match up. 

Similar schemes have been successful in Australia and the United Kingdom. 

New Zealand Banking Association Chief Executive Roger Beaumont joins Francesca Rudkin with more on how it works. 

LISTEN ABOVE

In a crucial step towards reducing scams, banks will introduce a Confirmation of Payee system next month to be fully in place by Easter of next year.&nbsp;
The system notifies a customer if the name and account they are transferring money into don't match up.&nbsp;
Similar schemes have been successful in Australia and the United Kingdom.&nbsp;
New Zealand Banking Association Chief Executive Roger Beaumont joins Francesca Rudkin with more on how it works.&nbsp;
LISTEN ABOVE

Roger Beaumont: Banks to introduce Confirmation of Payee system

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5cfdc5a5-1b91-490e-bfd5-b205006b0ab3/transcript

On the Heather du Plessis-Allan Drive with Francesca Rudkin Full Show Podcast for Thursday 10 October 2024, Hurricane Milton has made landfall in Florida as a Category 3 storm. Channel Nine reporter Alison Piotrowski joins Francesca out of Tampa with an update on the latest conditions.

Finance Minister Nicola Willis discusses the deepening deficit on the Crown books, after Treasury revealed the Government's operating balance was $1.8 billion worse than forecast at the Budget in May.

Francesca considers the ethical obligation of production companies developing projects on the high profile murder trial of Philip Polkinghorne. Professor of Media and Communications at University of Canterbury Donald Matheson says the projects are coming "way too soon".

And, Wellington councillor Ben McNulty reacts to the decision not to sell Wellington airport shares.

Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

On the Heather du Plessis-Allan Drive with Francesca Rudkin Full Show Podcast for Thursday 10 October 2024, Hurricane Milton has made landfall in Florida as a Category 3 storm. Channel Nine reporter Alison Piotrowski joins Francesca out of Tampa with an update on the latest conditions.
Finance Minister Nicola Willis discusses the deepening deficit on the Crown books, after Treasury revealed the Government's operating balance was $1.8 billion worse than forecast at the Budget in May.
Francesca considers the ethical obligation of production companies developing projects on the high profile murder trial of Philip Polkinghorne. Professor of Media and Communications at University of Canterbury Donald Matheson says the projects are coming "way too soon".
And, Wellington councillor Ben McNulty reacts to the decision not to sell Wellington airport shares.
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

Full Show Podcast: 10 October 2024 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7ad931d3-9b36-424f-877f-b20500662fa9/transcript

Wellington City Councillors have voted against selling it's airport shares. 

Council currently owns a 34% stake in Wellington Airport, and the shares needed to be sold in order to make it's recently adopted long-term plan viable. 

Wellington City Councillor Ben McNulty joins Francesca Rudkin to discuss what this means for the council.

LISTEN ABOVE

Wellington City Councillors have voted against selling it's airport shares.&nbsp;
Council currently owns a 34% stake in Wellington Airport, and the shares needed to be sold in order to make it's recently adopted long-term plan viable.&nbsp;
Wellington City Councillor Ben McNulty joins Francesca Rudkin to discuss what this means for the council.
LISTEN ABOVE

Ben McNulty: Wellington City Council votes against selling airport shares

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4167c99c-6be6-499f-982a-b205005aaf72/transcript

Nicola Willis: Finance minister on Government debt worse than initially thought

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