Steven Joyce: Former Finance Minister on the government's deficit growing by $3.4 billion
The Mike Hosking Breakfast - Un pódcast de Newstalk ZB - Martes
Former Finance Minister Steven Joyce says there are some things worth celebrating amidst a grim outlook on the economy. Treasury documents show the Crown's deficit has grown $3.4 billion dollars in the year to June, to $12.9 billion. Spending is outpacing income despite revenue increasing by $14 billion. Steven Joyce told Mike Hosking that recovery will be tough, but there are some positives shining through. He said that while the country’s net debt doubled post-Covid, we’ve got inflation under control. LISTEN ABOVE See omnystudio.com/listener for privacy information.