The Finance Minister is still adamant that the Government will stick to their tax cut plans.

Nicola Willis today unveiled the Budget Policy Statement, which broke with normal convention and did not include how much extra spending the Government will take on at the budget.

Willis says despite a worse than expected set of fiscal forecasts, tax cuts are still coming in July.

ZB senior political correspondent Barry Soper says Willis didn't say whether the tax cuts would resemble the ones promised to voters in 2023.

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