Is Nicola Willis cutting costs or cutting growth?
Finance minister Nicola Willis joins Bernard Hickey to discuss the government’s plan to cut spending growth in health, transport and housing as part of their effort to 'tighten its belt' and how they plan to reduce the risk of higher debt in the long run.
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Show Notes
Finance minister Nicola Willis is on a mission to crunch the size of government debt from well over 33% of GDP to under 30% within a few years, as well as fire up growth in an economy experiencing its worst-ever recession per capita. Doing one would be hard, but both at the same time seems a mission impossible for a politician wanting to win a second term. Bernard asks her how the government will both keep its promises and engineer even bigger spending cuts in per capita terms than those delivered by Ruth Richardson in the early 1990s.
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