Finance Minister Nicola Willis discusses Australia's higher inflation and economic position compared to New Zealand, emphasizes the risks of increased government spending, and defends a focus on economic stability over political debates.
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It is difficult and I actually have a huge amount of sympathy for the people in that poll who are saying, look, just give me some relief. I really want some relief. I understand that. But my job as the finance minister is to say, OK, but what would be the effect of that if I did that and to understand what those effects would be. And history tells us very plainly that governments that respond to inflation crises. These by pumping up the spending ultimately make it worse for you. And so right as I said at the beginning of all of this, I said, look, we've got to be careful here to not avoid short-term pain and create longer-term deeper pain. And that's the balance that we're seeking to strike. And I admit it's uncomfortable.
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people want free money and tax cuts
Nicola Willis: Finance Minister on Australia's inflation rate and what's in line for New ZealandSpotted something wrong on this page? Report a correction.
