Nicola Willis says government will drive harder on spending cuts

Nicola Willis says government will drive harder on spending cuts
Finance minister Nicola Willis says the government books aren't looking good. (Image: NZME)
Dileepa Fonseka
Finance minister Nicola Willis says soon-to-be-released growth forecasts on the economy won't make for "happy reading", but the government remains committed to tax cuts. At a speech to the Auckland Chamber of Commerce at the Cordis Hotel on Friday afternoon, Willis said a budget policy statement would be released in two weeks, providing an update on the economy."The numbers haven’t been finalised, but I know enough to say they won’t make happy reading," she said.The finance minister used this information...

More Economy

Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024
Albanese pledges prosperity through manufacturing boost
Economy

Albanese pledges prosperity through manufacturing boost

Renewable energy and critical minerals key focus of $24 billion strategy.

AAP 04 Jul 2024