Budget 2024 delivers says finance minister Willis as fiscal position worsens

Finance Minister Nicola Willis. (Image: NZME)

Thu, 30 May 2024

New Zealand’s fiscal position has deteriorated markedly, and Budget 2024 is for the “squeezed middle of New Zealand,” finance minister Nicola Willis says. “What is apparent now, compared to six months ago, is that the current downturn started earlier, has been deeper, and is expected to last for longer than previously thought,” Willis said. The latest forecasts from Treasury paint a much grimmer picture than they did in the December half-year fiscal update, she said. Real gross domestic product is ex...

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