A view suggests says yesterday's Budget is highlighting New Zealand's fiscal realities.

It found more than 21-billion dollars in savings - including nearly 13-billion from its pay equity changes.

Despite the many cuts - the Government isn't forecasting New Zealand to return to a surplus until 2029.

Infometrics Principal Economist Brad Olsen told Mike Hosking reaching that will be touch and go.

He says the next few Budgets are likely to be the same, and it will probably get harder to reach that target -- meaning less spending, or something else, may be required.

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