Midday Report

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


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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.
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