Podcasts Other The Mike Hosking Breakfast Grant Robertson: Financial Minister on Treasury's pre-election fiscal update

Grant Robertson: Financial Minister on Treasury's pre-election fiscal update

Published: Sept. 12, 2023, 7:57 p.m.

The Finance Minister is confident in Treasury's prediction that New Zealand will avoid a long-term recession.\xa0

Treasury's pre-election update forecasts that Government debt will peak at $185-billion in 2025, and the Government won't return to surplus until 2027.\xa0

That's predicted in a forecast that the economy will grow by an average of 2.6% over the next four years.\xa0

Grant Robertson told Mike Hosking that he believes Treasury's forecast over the gloomier predictions from some commentators.\xa0

He says while growth forecasts have become more an art than a science, the overall trend is line with most other forecasts.\xa0

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