3 May 2022

Brad Olsen analyses Govt's new budget rules on debt and surpluses

From Midday Report, 12:17 pm on 3 May 2022

The Finance Minister has announced a new rule requiring governments to attempt to maintain a small surplus.

Grant Robertson says it's based on Treasury advice and means current spending is covered by current revenues.

He's also changing how Crown assets and debts are counted -- adding the previously-excluded balance sheets of the Super Fund, Kainga Ora, and Waka Kotahi.

Infometrics economist Brad Olsen spoke to Māni Dunlop.