Steven Joyce, former Finance Minister of New Zealand, offers a candid look at the country's economic landscape. He reveals that the Crown's deficit has ballooned by $3.4 billion to $12.9 billion, despite revenue increasing by $14 billion. Joyce discusses the tough road to recovery, emphasizing the importance of sustainable growth amid rising expenses. Interestingly, he notes that while net debt doubled post-Covid, inflation is under control, highlighting a silver lining in the grim fiscal scenario.

Former politician Steven Joyce discusses his book, On the Record. Topics include his political career, growing business and missed opportunities, an amusing anecdote about Jeffrey Palmer, mixed feelings and moving forward after having their business stolen, governance experience and ministerial role, the importance of setting clear goals, a day with Angela Merkel at the G20 Summit, and the decision to not campaign against MMP.