Nicola Willis: Finance Minister explains restrained approach behind tax package
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
The Finance Minister admits the Budget could have gone further on tax cuts, but it wouldn't have been responsible.
Today's documents included the Government's long anticipated tax package, at a cost of $3.68 billion.
Funded through a suite of scrapped spending initiatives, all workers on more than $14,000 a year will receive between $4 - $40 dollars a fortnight.
Nicola Willis says she was determined that every dollar of tax relief would be fully funded.
"But we also needed to find a lot of money for frontline services. For hospitals, for the Pharmac budget, for our police, for schools - this was the tax reduction that we felt was prudent."
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