Steven Joyce: Former Finance Minister on the government's deficit growing by $3.4 billion
The Mike Hosking Breakfast
Navigating Economic Deficits and Revenue Challenges
This chapter examines the troubling rise of the Crown account deficit, which has reached $12.9 billion, outpacing earlier forecasts. It also highlights the balancing act the government faces with increasing revenue due to interest rates contrasted by rising expenses, stressing the importance of sustainable growth for future tax revenue.
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