Nicola Willis’ plan to save ‘billions’ thanks to Budget cuts

Willis warns of a ‘tight’ budget to come, but NZ should be going for productivity, not austerity

Hagen Hopkins/Getty ImagesFinance Minister Nicola Willis has warned her 2025 “Growth Budget” will be “one of the tightest budgets in a decade”, with plans to reduce spending by billions. It’s clear New Zealand is following a global trend towards austerity by focusing on reducing government spending and lowering government debt. Complicating the economic picture for the government are Donald Trump’s tariffs and his trade war with China. In early …

Government cuts $1.3b from Budget's operating allowance

Finance Minister Nicola Willis spoke to an audience in east Auckland during the 2023 general election campaign. Times file photo Finance Minister Nicola Willis has revealed the Government has reduced the size of the operating allowance of Budget 2025 to $1.3 billion. She made the announcement during a pre-Budget speech this morning, April 29. “This means we will be spending billions less over the forecast period than would have otherwise been th…

$1b cut to operating allowance coming in Budget, Nicola Willis says

The government will slash its operating allowance from $2.4 billion to $1.3b, Nicola Willis has revealed.

Nicola Willis’ plan to save ‘billions’ thanks to Budget cuts

Finance Minister Nicola Willis, said the Government plans to reduce spending by “billions” of dollars, cutting programmes started under previous governments...

Nicola Willis’s Debt Higher Than All 6 Years of Ardern Government

Current & planned debt will surpass Labour's full term debt in less years. Willis also admitted Budget 2024 had a higher deficit than all of Grant Robertson's bar Covid.

TDB told you the next budget cuts would be deep while RBNZ readies for economic crash

TDB told you the next budget cuts would be deep. Bernard Hickey for the win… Cutting even deeper against the grain Willis planning $4.4b of extra cuts over next four years, tightening fiscal policy against the grain of loosening monetary policy & recessionary headwinds; The true devastation of this budget is the effective freeze on keeping up with population and age increases so National can claim to be investing billions, it doesn’t;t keep up w…