Steven Joyce: Former Finance Minister on the Government's Covid recovery

Author
Newstalk ZB,
Publish Date
Wed, 13 Oct 2021, 12:11PM
(Photo / File)
(Photo / File)

Steven Joyce: Former Finance Minister on the Government's Covid recovery

Author
Newstalk ZB,
Publish Date
Wed, 13 Oct 2021, 12:11PM

The Government is confident there'll be a good bounce-back when the country emerges from Covid-19 restrictions, because its books are in good shape.

Treasury figures show a deficit of $4.6 billion, about ten billion less than expected, due to a higher tax take and lower expenses.

The Crown's net worth has also jumped by $40 billion in the year to June 30.

Finance Minister Grant Minister says the post-lockdown rebound will cut across two quarters, there'll be a hit, but the resilience and strength of the economy will help us rebound.

Former Finance Minister Steven Joyce joined Kerre McIvor.

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