New Zealand Labour government is set to reveal a worse budget bottom line and economic outlook on Thursday as it delivers what it calls a “no frills” 2023-24 budget to avoid fuelling inflation.
staff pay and some necessary equipment upgrades at a time when security is becoming a bigger concern.
Robertson has said the new funding has come from NZ$4 billion in cuts. But even so the government is unlikely to land its planned surplus in 2024-25 with Treasury’s most recent results showing that tax take for the nine month to March 2023 was 2.7% less than forecast.
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