OECD Economic Survey shines light on fiscal pressures ahead of budget day

All eyes are on finance minister Nicola Willis, who in three weeks will be presenting her first budget. (Image: Getty)

Mon, 06 May 2024

The OECD says the government needs to get back into the habit of saving for the next rainy day by raising more tax revenue and keeping a much tighter grip on spending.The OECD’s biannual survey of the NZ economy was released on Monday, putting the rapid rise in government spending and debt under the spotlight three weeks out from the government’s first budget day.It said the country's system for managing government spending might not be enough, with issues of spending increases that sometimes lacked a clear explanation.It sugges...

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