Former Finance Minister Steven Joyce says there are some things worth celebrating amidst a grim outlook on the economy.  

Treasury documents show the Crown's deficit has grown $3.4 billion dollars in the year to June, to $12.9 billion.  

Spending is outpacing income despite revenue increasing by $14 billion. 

Steven Joyce told Mike Hosking that recovery will be tough, but there are some positives shining through. 

He said that while the country’s net debt doubled post-Covid, we’ve got inflation under control. 

LISTEN ABOVE 

Former Finance Minister Steven Joyce says there are some things worth celebrating amidst a grim outlook on the economy. &nbsp;
Treasury documents show the Crown's deficit has grown $3.4 billion dollars in the year to June, to $12.9 billion. &nbsp;
Spending is outpacing income despite revenue increasing by $14 billion.&nbsp;
Steven Joyce told Mike Hosking that recovery will be tough, but there are some positives shining through.&nbsp;
He said that while the country’s net debt doubled post-Covid, we’ve got inflation under control.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Steven Joyce: Former Finance Minister on the government's deficit growing by $3.4 billion

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c9124432-112c-49d2-8894-b205013937be/transcript

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