The Finance Minister is standing by his decisions in the 2023 Budget, despite concerns regarding inflation.

Economists fear that Budget 2023 will lead to higher interest rate increases over a longer timeframe, adding to inflationary pressures.

Finance Minister Grant Robertson says there's a slight increase in the operating allowance to fund the cyclone recovery.

"When you look at the numbers in the Budget, you see inflation coming down and you see interest rates coming down over the forecast period."

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