Podcasts Other The Mike Hosking Breakfast Darren Gibbs: Westpac Senior Economist on what to expect from today's Budget Police Statement

Darren Gibbs: Westpac Senior Economist on what to expect from today's Budget Police Statement

Published: March 26, 2024, 9:11 p.m.

The Finance Minister will today unveil the Government's long-awaited Budget Policy Statement.\xa0

The document will shed important light on the fiscal situation ahead of May's full Budget.\xa0

Nicola Willis has told Kiwis for weeks the financial situation is much worse than expected, and today she'll give clues on how bad it really is.\xa0

Darren Gibbs, a Senior Economist for Westpac, told Mike Hosking that they\u2019ve very much telegraphed the economic situation, which is weaker than they envisioned at the half-year update.\xa0

He said that they\u2019re not expecting to get explicit fiscal figures, but rather tea leaves they can sift through to get an idea of what to expect.\xa0

LISTEN ABOVE\xa0

See omnystudio.com/listener for privacy information.