A $1.1b cut to the government's new spending comes after Trump's trade trafiffs

A $1.1b cut to the government's new spending comes after Trump's trade trafiffs

The Finance Minister says the cut in new spending is a reflection of the times we live in and New Zealand's high interest debt.

Govt spending decision signals crisis and cuts

The decision to nearly halve the amount of new investment being made in the next Budget signals that this Government doesn’t care about the users of public services, said NZCTU Te Kauae Kaimahi Economist Craig Renney. “$1.3bn in operating allowance isn’t enough to pay for cost pressures in health alone ($1.55bn). There is no money for cost pressures in education and other public services, or proposed defence spending. This is a Budget that will …