New Zealand Finance Minister Nicola Willis admits government needs to borrow for budget, contradicting no additional borrowing for tax cuts.

New Zealand Finance Minister Nicola Willis admitted the government needs to borrow for the upcoming budget, contradicting previous statements that no additional borrowing was required for tax cuts. Critics argue the borrowing should be invested in areas like infrastructure, R&D, and public services instead of tax cuts, and urge the government to provide more details on the tax plan funding and invest in public services for long-term economic growth.

April 11, 2024
7 Articles