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Podcast: The Mike Hosking Breakfast
Episode: Nicola Willis: Finance Minister on the Government pushing out surplus expectations
Description: The Government insists it has a plan to turn the economy around. Treasury's Half Year Economic and Fiscal Update shows the country is first forecast to be in the black by 2029-2030. The Finance Minister has admitted the country is borrowing money to pay the interest bill on the debt. Nicola Willis told Heather du Plessis Allan that bill is about $9 billion a year. She says around 80% of borrowing over the next few years will be for capital assets like hospitals, schools, and roads. There may also be more cuts...