Public service struggled to meet $1.5b savings target

Public service struggled to meet $1.5b savings target
By March, the majority of “low-hanging savings” had been found and further cuts risked reductions in service levels. (Image: Getty)
Jem Traylen
Just-released papers outline the difficulties the Government had in making spending cuts in this year's Budget.When ministers returned from their Christmas break at the start of this year, they were told that more than half of the baseline savings target for Budget 2024 was in doubt, just months before the fiscal plans were finalised.On Thursday, the Treasury released most of its Budget advice papers, depicting a public service struggling to achieve a $1.5 billion savings target that ministers had signed off on.Most government agencies were...

More Policy

Pros and cons of a corporate tax cut
Economy

Pros and cons of a corporate tax cut

Business groups are keen for a cut; others doubt its impact and feasibility.

Pattrick Smellie 05 Feb 2025
Sidestepping inevitable Waitangi politics, and more ...
Policy Business of Government

Sidestepping inevitable Waitangi politics, and more ...

Our weekly roundup of public sector news and analysis.

Jem Traylen 05 Feb 2025
Unscrambling EGS investment in Trump's world
Finance

David Chaplin: Unscrambling EGS investment in Trump's world

The US rush from ESG investments labels is well under way.

David Chaplin 05 Feb 2025
Kāinga Ora cuts staff, trims build costs
Policy

Kāinga Ora cuts staff, trims build costs

The agency will sell older homes in wealthier suburbs as part of turnaround plan.

Oliver Lewis 04 Feb 2025