Nicola Willis: Finance Minister on the Pre-Election Economic and Fiscal Update showing a stronger outlook, larger surplus
The Finance Minister has her eye firmly on returning to surplus after a pre-election look into the books.
Treasury forecasts predict the next two years' deficits will be much smaller, and the 2028/29 surplus nearly $2 billion larger than expected.
But much of that improvement is down to income-tax bracket creep, and more revenue from GST and company tax.
Nicola Willis told Mike Hosking it would be irresponsible to be talking about how they'll spend a surplus on things like tackling the tax bracket creep before it's arrived.
She says circumstances could change, not because they won't remain…
The skinny
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