Nicola Willis: Finance Minister on the tax cuts, cancer funding, surplus of Budget 2024

Published: May 30, 2024, 8:38 p.m.

The Finance Minister says the recent culture of spraying the money gun with reckless abandon has come to an end. \xa0

Nicola Willis released the 2024 Budget yesterday, confirming the long-awaited tax cuts and announcing funding for various sectors and industries.\xa0

She confirmed that the tax programme is fully funded by the baseline-savings exercise of rooting out waste in government departments.\xa0

Willis told Mike Hosking that they\u2019re funding it responsibly, without needing to borrow funds.\xa0

The economy\u2019s forecasts have degraded in recent times, the Government books not predicted to return to surplus until the 2027/28 financial year.\xa0

If they hadn\u2019t made those cuts and changes, Willis said, they wouldn\u2019t be back into the black until 2031.\xa0

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