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Budget 2025: Minister Nicola Willis previews plan to bring down deficit

Author
Newstalk ZB,
Publish Date
Tue, 22 Apr 2025, 6:55pm
Photo / Mark Mitchell
Photo / Mark Mitchell

Budget 2025: Minister Nicola Willis previews plan to bring down deficit

Author
Newstalk ZB,
Publish Date
Tue, 22 Apr 2025, 6:55pm

There's less than a month to go until the 2025 Budget is unveiled - and the Finance Minister has been clear about the goals she aims to tackle.

Nicola Willis says New Zealand has been in a significant deficit since 2019, and she's determined to get back into surplus by 2027/2028.

She explained getting the country back into surplus will help to pay down debt.

"We're borrowing every day right now to keep our hospitals, schools and police going - but we can't do that forever as a country, we need to get the books back in balance."

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