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Speaker 1: So let's talk more about the budget now. So it

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Speaker 1: will be your highest spending of any government in history.

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Speaker 1: Borrowing is still high. Minister's going to have to make cuts.

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Speaker 1: We don't quite know. We're from Business Central CEO Simon

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Speaker 1: Arcis with me this morning. Simon, good morning, good morning. Right,

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Speaker 1: very well, now you're in Wellington. Where would you where

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Speaker 1: would you cut? Where's the fat? Look?

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Speaker 2: There isn't much fan and I think that's the type

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Speaker 2: wrote the government's walking. How do you how do you

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Speaker 2: balance some first all restraints, you know, keep not spending

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Speaker 2: with the reality of needing to boost the economy. It's

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Speaker 2: a really difficult question. And as you say, a lot

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Speaker 2: of the budgets big headline items are known, so I'm

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Speaker 2: not quite sure. Wellington certainly has had public sector cuts

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Speaker 2: of course, and suffered as a consequence of that. So

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Speaker 2: let's hope there's not too much more let space could

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Speaker 2: well be there.

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Speaker 1: Yeah, it's interesting. It's an interesting place for Wellington to be,

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Speaker 1: right because the rest of the country is going, ah,

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Speaker 1: just cut them, slash them, burn them, and you and

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Speaker 1: the businesses in Wellington are actually the ones that feel

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Speaker 1: that right.

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Speaker 2: Well, absolutely, what's really interesting about the direct government spending

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Speaker 2: into Wellington accounts for about twelve percent of the GDP

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Speaker 2: and while that doesn't sound like a huge amount, that's

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Speaker 2: before you've got all the extra professional services, support services.

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Speaker 2: Where a civil servant goes and buys a sandwich at once.

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Speaker 2: It's a big impact. And if you compared to the

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Speaker 2: rest of the country, that's only about four percent, So

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Speaker 2: it's a big It is a big chunk of our

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Speaker 2: economy and I think that's what's really made it tough

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Speaker 2: in recent times.

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Speaker 1: Infrastructure Simon. We're hearing about plans, we're hearing about cash.

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Speaker 1: Has anyone actually seen any money yet?

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Speaker 2: One of the things that is a concern is infrastructure

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Speaker 2: certainly is high on the agenda, but we need to

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Speaker 2: see that stuff starting. We need to see the green

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Speaker 2: throw button with a lot of that and that's a

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Speaker 2: big thing for Wellington. And of course the other thing

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Speaker 2: that is a little bit of a bright spot is

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Speaker 2: probably the film spend and credive industry spend that down

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Speaker 2: here will have an impact too.

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Speaker 1: Hey what a businesses think if if she was to

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Speaker 1: come out on Thursday Nichola Willison say, I want you

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Speaker 1: to increase your employee. Can we save a contribution. What

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Speaker 1: do you reckon businesses would say.

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Speaker 2: Well, I think I think this is really interesting in

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Speaker 2: a lot of a government. If you think about fiscal

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Speaker 2: restraint but wanting to boost the economy. If you think

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Speaker 2: about questions around key we saver, you say we business

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Speaker 2: largely would the trajectory, but the john individual businesses or

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Speaker 2: the impact on businesses as the as the days and

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Speaker 2: weeks go on has been really tough. I think I

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Speaker 2: think employer contribution to kV savers something we got to

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Speaker 2: look at, and we've got to look at how to

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Speaker 2: make sure that in the future people will be more

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Speaker 2: secure in their retirement and less dependent on the government.

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Speaker 1: Simon, appreciate your time this morning. Thank you very much.

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Speaker 1: Simon Arkis who is with us from Wellington Business Central CEO.

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