• Nicola Willis: Finance Minister unveils plan to bring down deficit in 2025 Budget

  • Apr 22 2025
  • Length: 9 mins
  • Podcast

Nicola Willis: Finance Minister unveils plan to bring down deficit in 2025 Budget

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  • Summary

  • There's less than a month to go until the 2025 Budget is unveiled - and the Finance Minister has been clear about the goals she aims to tackle.

    Nicola Willis says New Zealand has been in a significant deficit since 2019, and she's determined to get back into surplus by 2027/2028.

    She explained getting the country back into surplus will help to pay down debt.

    "We're borrowing every day right now to keep our hospitals, schools and police going - but we can't do that forever as a country, we need to get the books back in balance."

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