The Prime Minister's rubbishing the renewed claim that the Government's covering up an $11 billion fiscal hole.

Then-Finance Minister Steven Joyce made the allegation in the run-up to last year's election, a claim rejected by independent economists.

READ  MORE: Exclusive: 'I was right about Labour's $11b fiscal hole' - Steven Joyce

READ MORE: Robertson rejects claims of fiscal hole in Government's books

READ MORE: The Huddle: Was Joyce right about billion dollar fiscal hole?

But it's bubbled to the surface again after an article from economist Cameron Bagrie, claiming Joyce was right.

Jacinda Ardern told Mike Hosking the truth of that hasn't changed.

"This idea that somehow this now means that Steven Joyce was correct is just wrong, it is patently false."

Ardern says their borrowing has been by-the-books, and weaker growth would have happened regardless of who was in power.

LISTEN TO JACINDA ARDERN TALK WITH MIKE HOSKING