12 Mar 2024

Prime Minister not giving assurances about budget surplus timeline

From Morning Report, 7:52 am on 12 March 2024

The Prime Minister is refusing to give any assurances the government will be able to get back into surplus by 2027.

Finance Minister Nicola Willis has indicated she's not confident the government will be able to achieve that commitment. 

Christopher Luxon told Morning Report he won't be able to give any concrete guidance until the Budget in May.

He says the country is facing economic headwinds.

Luxon says the Budget will address wasteful public spending, refocus spending on the frontline, and deliver tax cuts.