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Independent economist warns Government faces 'difficult balancing act' for 2023 budget

Author
Newstalk ZB,
Publish Date
Thu, 11 May 2023, 6:02pm
 Photo / NZME
Photo / NZME

Independent economist warns Government faces 'difficult balancing act' for 2023 budget

Author
Newstalk ZB,
Publish Date
Thu, 11 May 2023, 6:02pm

The Government faces a tough balancing act for this year's Budget.

Finance Minister Grant Robertson says he's reprioritised $4 billion to spend in the four year forecast period.

It includes money saved by the Government's policy bonfire, and cash left over from the Covid response.

Independent economist Cameron Bagrie says inflation is ruthless, and a lot of money will be needed to continue Government services.

"We know there's an awful lot of pressure for public sector wage increases. At the same time, we've got various infrastructure deficits across healthcare, roading, education."

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