Steven Joyce: Former Finance Minister on the government's deficit growing by $3.4 billion

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.