Treasury optimism blamed for Crown financial position getting worse

After a brief burst during covid, productivity growth has slowed to a snail's pace. (Image:

Tue, 17 Dec 2024

Finance Minister Nicola Willis says her Government isn’t to blame for yet another downward revision in the Crown’s financial position - instead she’s pointed the finger at Treasury officials curbing their enthusiasm for New Zealand’s growth outlook.Willis said the detorioration in the Crown’s financial position was “driven largely by Treasury unwinding overly optimistic assumptions about the state of the economy”.She said in Covid times productivity appeared to improve and Treasury thought some of that...

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