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Finance Minister Grant Robertson will outline the Government’s “no frills” spending plans for the last months before October’s election in a speech in Parliament on Thursday morning.
You can watch Robertson’s speech to the Wellington Chamber of Commerce live on Stuff at the top of this page from 8.10am. Refresh your browser if it isn’t loading.
Prime Minster Chris Hipkins has already said the May 18 Budget will focus on cyclone recovery and the cost of living pressures. He has promised “no major new” taxes like a wealth or capital gains tax.
Robertson has also said the Government was doing its bit to restrain spending and “responsibly manage our finances” amid deteriorating economic conditions. This month’s budget would reflect that, he said, and required “tough choices”.
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ROBERT KITCHIN/STUFF/Stuff
Grant Robertson will outline the Government’s spending intentions for its last stretch in power ahead of October’s election.
He has also warned the government’s books would take a hit as a result of the cooling economy.
However, National’s finance spokesperson Nicola Willis believes the Government will introduce a new tax, and last month claimed she knew Labour was discussing this at Cabinet.
She said the party “resents success” and was coming up with an “envy-driven tax-grab”.
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