Early Edition with Kate Hawkesby

Ryan Bridge: Budget 2025 will be frugal, but will Budget 2026?

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Sinopsis

You can’t say we weren’t warned Nicola Willis would be taking to government spending like a butcher to a fresh carcass. She’s been saying it for months.  Yesterday she halved the operating allowance to $1.3 billion. All this because she wants to do what she said she’s do, and that’s balance the books by 2029. The recession’s cut her tax take so you either push your surplus out or you trim your spending. Labour, of course, says this is austerity, it’s bad, and we should spending more not less. Well, we know where that got us, waist deep in our own shite. Shite that Willis is now wading her way through trying to clean up. Budgets are just bigger versions of what we all do in our own lives everyday. We make decisions and choices about how much to spend, to borrow, what we spend on and more importantly, what we don’t. And if you asked most Kiwis what they’re doing right now, are you doing a Hipkins.Are you borrowing and splashing the cash? Stacking the pantry? Making nice brand spanking new purchases?