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The Conversation

Dennis Wesselbaum, Associate Professor, Department of Economics, University of Otago

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

Nicola Willis United States New Zealand International Monetary Fund

Finance 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.

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