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Watch live: Govt books in worse shape than expected, ministers face Question Time grilling


Published on 2024-12-16 20:00:49 - The New Zealand Herald
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  • Willis said she would consider whether the worse-than-expected economic outlook would "warrant any further action" by her in the future. As previously signalled, she is looking at requiring charities that are really businesses to pay more tax.

The article from the New Zealand Herald discusses the current state of New Zealand's government finances, revealing that the government's books are in worse shape than previously anticipated. Finance Minister Grant Robertson and other ministers are facing scrutiny in Parliament's Question Time over these financial discrepancies. The article highlights that despite earlier forecasts, the government's deficit is larger than expected, with increased spending and lower than projected tax revenues contributing to the shortfall. This situation has led to concerns about fiscal management and the sustainability of current spending levels, especially in light of economic recovery efforts post-Covid. The article also mentions that the government is under pressure to explain these financial outcomes and outline plans to address the growing deficit, amidst calls for more transparency and accountability in financial reporting.

Read the Full The New Zealand Herald Article at:
[ https://www.nzherald.co.nz/business/economy/watch-live-govt-books-in-worse-shape-than-expected-ministers-face-question-time-grilling/FGHTVEZIXNF6JMDHWATZ2M3FGY/ ]