Finance Minister Nicola Willis responds to Moody's downgrade of New Zealand's credit outlook, defending the government's strict fiscal discipline and past spending cuts while addressing public pressure for cost-of-living relief and questioning the effectiveness of current budgete
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I agree that we need urgency. I have set that very clear target of getting the books back into surplus by 28, 29. right? If we achieve that, the ratings agencies are very happy. Their concern is that we might not achieve that. The most urgent thing I'm having to do pretty much every day at the moment is say no to spending more. And you'll be aware, many New Zealanders are saying to me, cut the petrol tax, cut the petrol tax, do this for us, do that for us. I get it. They're experiencing massive cost of living pressure. The reason I'm saying no to that extra spending. is we have to stick to very tight budgets to achieve those fiscal goals and to me that does feel quite dramatic Heather having to say no at a time when the pressure is really high is not comfortable at all
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popular demand for relief amid hardship
Nicola Willis: Finance Minister on Moody's credit rating agency downgrading outlook for New ZealandSpotted something wrong on this page? Report a correction.
