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Speaker 1: Jenny Anderson's with us along with Mark Mature. Good morning

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Speaker 1: to you both.

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Speaker 2: Good morning morning, Good morning.

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Speaker 1: Now, Mark, if you read the Audrey's Annual review of.

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Speaker 3: I just got a Missus said, Mike's probably going to

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Speaker 3: ask you about Audrey's in your review.

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Speaker 2: Has kept it?

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Speaker 1: Yeah? Is that from late directly from lucxn's offices.

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Speaker 2: That was one of my.

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Speaker 1: Well she's got Now. I got a text and I'll

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Speaker 1: declare it. I got a text from my wife who

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Speaker 1: goes it should have been a nine, and I texted

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Speaker 1: her back and said, I agree because my I don't mind.

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Speaker 1: I don't mind on this very neutral radio program espousing

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Speaker 1: my love for you because I love you and I

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Speaker 1: think you're doing a great job.

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Speaker 2: So thank you.

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Speaker 1: What would you, Jenny, Jenny, in the in the spirit

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Speaker 1: of the morning, what would you Mark?

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Speaker 3: Him?

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Speaker 4: Oh, where do I start?

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Speaker 1: Well with a number, that's what I just asked. Well,

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Speaker 1: we have you Mark out of ten.

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Speaker 5: I think that organized crime being out of control means

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Speaker 5: you can't have a night. I think you can't do

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Speaker 5: that because organized The Ministerial Advisory Group have said that

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Speaker 5: they've lost the fight on organized crimes.

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Speaker 1: So one off, one off for the loss of organized crime.

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Speaker 1: So you're down to it.

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Speaker 5: I think at least at least two point five. So

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Speaker 5: I would say, given the fact that he's no sex,

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Speaker 5: I think the point five is we can go into

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Speaker 5: some other things on the point five.

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Speaker 2: There's been the most of your cabin, the bomb, the.

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Speaker 5: Bomb, the bomb tasting, the young person who still brings

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Speaker 5: them down point five.

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Speaker 1: So here's okay. So we Jenny hard.

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Speaker 2: Hard Sex hard six.

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Speaker 1: I've got say, Jenny, if you read have you read

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Speaker 1: Audrey's piece?

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Speaker 4: I read it. Yeah, I thought it was very generous.

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Speaker 1: I have to say, well, you would say that, and

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Speaker 1: I get why you would say that, But but she's

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Speaker 1: a seasoned pro and when you compare her marking of

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Speaker 1: this lot to her marking of your lot, she see

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Speaker 1: something there that I suspect you guys should be a

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Speaker 1: bit worried about, doesn't she.

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Speaker 5: Well, I felt that there were markings of some of

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Speaker 5: those ministers that were ignoring some pretty blindingly obvious failures.

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Speaker 3: Audrey's I tell you what, Audrey is our most experienced

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Speaker 3: press gallery journalist. She is tough, she's hard, and you

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Speaker 3: can't get much past. For that reason, I'll take Genny

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Speaker 3: six because that was probably the highest previous.

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Speaker 5: I think it was a bit more than that. The

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Speaker 5: Margaret not very generous. Yeah, I was pretty kind with

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Speaker 5: my sex.

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Speaker 1: I felt you, Mark will not give anything away. But

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Speaker 1: are you happy? Do you know what you're getting in

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Speaker 1: the budget?

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Speaker 4: Yes?

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Speaker 2: I do, But like you said, I just can't.

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Speaker 1: No, no, no, I'm not going to ask you to

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Speaker 1: so so you know what you're getting. Has Nicola found

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Speaker 1: the billions in savings that she claims she has.

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Speaker 3: Well, I mean I can talk about the savings that

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Speaker 3: she's had to make immediately, and that was quite simply.

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Speaker 3: Obviously we've gone we've had to reduce the operator allowance

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Speaker 3: from two point four billion to one point three billion,

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Speaker 3: and of course primarily due to the lower forecasted growth,

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Speaker 3: and that's the result of we've had a change of

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Speaker 3: administration in the States, with the tariffs sort of happening

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Speaker 3: around around the world, we've.

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Speaker 2: Projected lower tax revenue.

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Speaker 3: However, the reality of it is we have to do

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Speaker 3: that because in twenty fourteen, we went from fifty eight billion,

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Speaker 3: sorry from twenty seventeen, we went from fifty eight billion

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Speaker 3: dollars in debt for US as a country to one

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Speaker 3: hundred and seventy five billion through to twenty twenty four,

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Speaker 3: and we're paying. We went from a three point six

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Speaker 3: billion dollar a year interest bill to an eight point

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Speaker 3: nine billion dollar a year. We cannot afford that. That's

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Speaker 3: more than the annual core well, it's more than the

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Speaker 3: annual core grant expenses for police corrections, Ministry of Justice

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Speaker 3: and Customs.

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Speaker 2: We just can't afford it.

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Speaker 1: What are you going to do, Jenny? Because on on

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Speaker 1: budget and I saw chippies trying to warm himself up

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Speaker 1: for this task. You can't, honestly, on budget day go,

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Speaker 1: we would have spent more here, more there, more there,

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Speaker 1: and more over there and borrowed yet more. Or will

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Speaker 1: you do you think?

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Speaker 4: I still want to know? Is that so the one

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Speaker 4: point three we've she's left, that's still got to have

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Speaker 4: the cancer drugs taken out of it?

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Speaker 5: Isn't that creak? So does that leave likeer point three

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Speaker 5: billions the entire budget? I think that's correct.

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Speaker 1: If you're correct. The cancer was six, the cancer was

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Speaker 1: six hundred, So it leaves you with one point three

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Speaker 1: minus six, which is seven, right, not point?

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Speaker 4: So that my question. I read one article this morning

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Speaker 4: that said it was down to point there's problem and stuff.

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Speaker 4: What would have been promised.

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Speaker 5: My question is what's left for the keeping the lights on?

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Speaker 4: I mean they needed about one point.

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Speaker 1: For It's why I'm asking Jenny. I think it's the savings.

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Speaker 1: If she's found, if she's found billions in savings and

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Speaker 1: we can you know, go, I get it as opposed.

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Speaker 4: To the problem. We've got the same problem.

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Speaker 5: So the savings last time, just in the Wellington economy

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Speaker 5: are locally so they cut jobs, there's a lower tax take,

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Speaker 5: they've got less money. They make more cuts, they lose jobs,

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Speaker 5: there's a lower tax take, there's less money, and we

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Speaker 5: keep going in a downward spiral. Is what's going to

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Speaker 5: be the thing that stops this downward spiral?

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Speaker 2: Right?

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Speaker 3: Oh?

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Speaker 1: Mark your answer to that? I mean it's true about Wellington.

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Speaker 1: But if you haven't got the money, you haven't got

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Speaker 1: the money, have you?

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Speaker 2: Oh, it's just going to say.

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Speaker 3: The reason our debt is so high is because Labour

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Speaker 3: had no appetite to control spending when they're in government,

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Speaker 3: and that's why we now have an increase of one

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Speaker 3: hundred and seventy five to one hundred and seventy five

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Speaker 3: billion dollars in debt we have to start returning ourselves

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Speaker 3: to service, which means that we are to surplus, which

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Speaker 3: means that we have to be responsible. And this government

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Speaker 3: is measured careful and purposeful in the way that we're

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Speaker 3: doing that, Whereas if you look at the other side,

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Speaker 3: when Trump came out with a tariffs, they panicked and said, oh,

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Speaker 3: we're going to start borrowing that. That's their default setting

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Speaker 3: is borrowing more money and splash it around. We cannot

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Speaker 3: afford as a country. We're a small country in the

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Speaker 3: bottom of the world. We do extremely well. We've got

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Speaker 3: a great future ahead of us, but we've got to

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Speaker 3: be responsible.

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Speaker 1: Our research department, Jenny got on to your zero point

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Speaker 1: three Was it the ASP's reconfiguration of the economy suggesting

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Speaker 1: the government cutting to one point three would take zero

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Speaker 1: point three percent off the economy.

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Speaker 4: No, it wasn't.

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Speaker 5: I was reading The car Cup by Bernard Hackey, and

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Speaker 5: he deducted what they'd promised so far to look at

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Speaker 5: what the overarching amount was that they had to work with.

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Speaker 1: And is Bernard Hickey worth reading. I haven't read him

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Speaker 1: for a long time.

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Speaker 5: Yes, I think he's good. He is a good summary.

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Speaker 5: He is a bit left leading. He lives on one

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Speaker 5: heck Island.

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Speaker 1: I just watched them last time out. I watched him

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Speaker 1: at the Reserve Bank press conference and he asked these

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Speaker 1: really wonky questions and I thought, Bernard, you're a bit wonky.

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Speaker 1: But then again, I suppose that's what you do at

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Speaker 1: the Reserve Bank press conferences, don't you.

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Speaker 4: Yes.

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Speaker 5: But to get back to your point before, there's no

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Speaker 5: plan from this government on how we get growth, saying

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Speaker 5: growth again and again isn't a plan, so we won't

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Speaker 5: need some wealth generation in our country.

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Speaker 4: In order to be able to afford the services that

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Speaker 4: have been cut left, right and center.

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Speaker 1: The different the gap is that they would argue the

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Speaker 1: economy will provide the growth, as opposed to the government

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Speaker 1: providing the growth, and that is the contest of ideas,

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Speaker 1: isn't it the leader, But.

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Speaker 5: We're not seeing that, and we're not seeing any plan

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Speaker 5: or any proposal on how to get key industries on

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Speaker 5: New Zealand growing. So talking about it's a good example

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Speaker 5: is the video game development rebate forty million invested. There

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Speaker 5: is a of the rebate and that industry will go

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Speaker 5: to approximately seven hundred and fifty million for our economy

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Speaker 5: this year. And that's from about four or five hundred million.

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Speaker 5: So that's an example where government support in an area

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Speaker 5: has paid off well in advance of what was put in.

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Speaker 5: We need more examples of that to grow economy, not

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Speaker 5: just Nicola talking about going for growth. There's got to

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Speaker 5: be more to it than a slogan, and right now

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Speaker 5: they don't have that.

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Speaker 2: Well, let's just look at what she's done. She's in

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Speaker 2: the well.

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Speaker 4: Is closing today?

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Speaker 2: Well, hang on a second.

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Speaker 3: We've got interest rates are coming down, inflation is now

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Speaker 3: down within the target range. We're delivering free trade agreements

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Speaker 3: around the world, new markets, We're making sure there's a

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Speaker 3: government we get the settings right to allow a private

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Speaker 3: sector to grow and flourish and have confidence to continue

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Speaker 3: to invest. And we inherited a very difficult set of books.

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Speaker 3: We inherited a few headwinds, but we're optimistic, we've focused,

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Speaker 3: and we're working hard to make sure.

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Speaker 1: We do the question. Quick question for you, Mark. Have

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Speaker 1: you had a word to James mega At about his

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Speaker 1: brain explosion suggesting somehow the government was going to help

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Speaker 1: fund regional affairs up and down the country and what

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Speaker 1: he was thinking of when he said that.

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Speaker 3: No, No, I haven't, but it's normal at South Island.

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Speaker 4: I've noticed behind the camera like a vigorous no.

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Speaker 1: Important when the lead with Ginny as you would well know,

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Speaker 1: when the leaders doing a press conference to not and

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Speaker 1: here's a tip for you, Mark, by the way, get

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Speaker 1: on to them. And despite the fact that Audrey gave

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Speaker 1: him nine, Chris Biship looked as bored as the old

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Speaker 1: proverbial when he was standing behind Erica the other day

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Speaker 1: making her announcement, he looked like he wanted to kill himself.

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Speaker 1: He's got a smile, he's got to stand up straight

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Speaker 1: and he's got a nod.

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Speaker 2: I'll provide that feedback. Look, Jamie's doing the outstanding job.

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Speaker 3: He's been a great gym and of the Justice Selik

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Speaker 3: Committee deeply pestiate.

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Speaker 4: About the self the Treaty Prince outstanding.

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Speaker 2: He's doing a great job.

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Speaker 1: Okay, if he comes up with something specific on how

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Speaker 1: to get to Parmeston to Omaru directly at a really

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Speaker 1: cheap price, do let us know it's good that.

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Speaker 2: I think that's good, that it's good that he's out

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Speaker 2: there hustling in trying.

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Speaker 3: To look for solutions for the regions. That's that's good news.

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Speaker 1: All right, Nice to see you, guys, Mark Mitchell, Junior Everson.

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Speaker 3: For more from The Mike Asking Breakfast, listen live to

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Speaker 3: news talks. It'd be from six am weekdays, or follow

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Speaker 3: the podcast on iHeartRadio