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Planned return to surplus in 2029 'touch and go'

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九一星空无限talk ZB,
Publish Date
Fri, 23 May 2025, 7:25am

Planned return to surplus in 2029 'touch and go'

Author
九一星空无限talk ZB,
Publish Date
Fri, 23 May 2025, 7:25am

A view suggests says yesterday's Budget is highlighting New Zealand's fiscal realities.

It found more than 21-billion dollars in savings - including nearly 13-billion from its pay equity changes.

Despite the many cuts - the Government isn't forecasting New Zealand to return to a surplus until 2029.

Infometrics Principal Economist Brad Olsen told Mike Hosking reaching that will be touch and go.

He says the next few Budgets are likely to be the same, and it will probably get harder to reach that target -- meaning less spending, or something else, may be required.

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