1 00:00:00,080 --> 00:00:02,240 Speaker 1: If Nikola Willis can pull this budget off, I'll tell 2 00:00:02,240 --> 00:00:04,480 Speaker 1: you what, it's going to be impressive, because she's written 3 00:00:04,480 --> 00:00:06,320 Speaker 1: a budget by the looks of things that are so tight. 4 00:00:06,360 --> 00:00:08,680 Speaker 1: There is basically no new money. Now, if you haven't 5 00:00:08,680 --> 00:00:10,719 Speaker 1: caught up on this, Nickola Willis gave a speech this 6 00:00:10,800 --> 00:00:12,920 Speaker 1: morning in which she announced that she was going to 7 00:00:12,920 --> 00:00:16,560 Speaker 1: cut back her new spending in this budget hugely so. 8 00:00:16,800 --> 00:00:19,960 Speaker 1: Her original plan was to give herself two point four 9 00:00:20,000 --> 00:00:22,880 Speaker 1: billion dollars extra this is new money to be able 10 00:00:22,880 --> 00:00:25,240 Speaker 1: to spend this budget. Now she has just announced today 11 00:00:25,239 --> 00:00:27,319 Speaker 1: she's basically going to cut that in half. It's going 12 00:00:27,360 --> 00:00:29,040 Speaker 1: to go from two point four billion down to one 13 00:00:29,040 --> 00:00:31,600 Speaker 1: point three billion. Now, the last time a finance minister 14 00:00:31,680 --> 00:00:34,080 Speaker 1: had that little to play with was all the way 15 00:00:34,120 --> 00:00:36,600 Speaker 1: back in twenty fifteen, when Bill English only gave himself 16 00:00:36,640 --> 00:00:40,440 Speaker 1: one billion dollars new spending that year. But gets even 17 00:00:40,479 --> 00:00:44,200 Speaker 1: tighter than that because all of that money is already 18 00:00:44,200 --> 00:00:47,120 Speaker 1: spoken for last year's budget. I don't know if you 19 00:00:47,120 --> 00:00:49,880 Speaker 1: remember this, but last year's budget promised that this year's 20 00:00:49,880 --> 00:00:53,040 Speaker 1: budget would spend an extra one point four billion dollars 21 00:00:53,080 --> 00:00:55,959 Speaker 1: on health, which basically means that her one point three 22 00:00:56,040 --> 00:00:58,680 Speaker 1: billion dollars in new spending is already gone on that 23 00:00:58,720 --> 00:01:01,520 Speaker 1: one point four billion dollar health promise. And then on 24 00:01:01,560 --> 00:01:02,960 Speaker 1: top of that, she still has to find one hundred 25 00:01:02,960 --> 00:01:04,560 Speaker 1: million dollars in an extra spending just to make up 26 00:01:04,560 --> 00:01:08,440 Speaker 1: the difference, right, But not only that, she also has 27 00:01:08,480 --> 00:01:11,000 Speaker 1: to find another one hundred and fifty million dollars because 28 00:01:11,040 --> 00:01:14,880 Speaker 1: do you remember, middleway through last year they announced twenty 29 00:01:14,920 --> 00:01:17,080 Speaker 1: six new cancer drugs amongst various other drugs, and they 30 00:01:17,080 --> 00:01:18,320 Speaker 1: had to find them money for it and would come 31 00:01:18,319 --> 00:01:20,600 Speaker 1: in this budget. So that's another one hundred and fifty 32 00:01:20,640 --> 00:01:23,280 Speaker 1: million dollars. So what that means is she's actually got 33 00:01:23,280 --> 00:01:26,560 Speaker 1: no new spending, there is no extra money. In fact, 34 00:01:26,600 --> 00:01:29,039 Speaker 1: she is in the deficit. Add those two together, she's 35 00:01:29,080 --> 00:01:30,559 Speaker 1: got to go out and find two hundred and fifty 36 00:01:30,560 --> 00:01:33,480 Speaker 1: million dollars just to square things up. And you know 37 00:01:33,480 --> 00:01:35,240 Speaker 1: where she's going to find that, don't you. She is 38 00:01:35,280 --> 00:01:37,800 Speaker 1: going to find that by cutting public spending and other places, 39 00:01:38,000 --> 00:01:40,480 Speaker 1: which I'm stoked about because you do not need me 40 00:01:40,560 --> 00:01:42,840 Speaker 1: to tell you that the public service has got bloated 41 00:01:43,560 --> 00:01:46,240 Speaker 1: and that the spending of tax payer money by central 42 00:01:46,240 --> 00:01:49,880 Speaker 1: government happens way too easily, especially after Grant Robertson's Free 43 00:01:49,880 --> 00:01:52,160 Speaker 1: for All for years, And basically what I think is 44 00:01:52,200 --> 00:01:54,440 Speaker 1: going through spending with a fine toothcomb and cutting what 45 00:01:54,520 --> 00:01:56,960 Speaker 1: isn't necessary or what isn't good is actually not a 46 00:01:56,960 --> 00:01:59,920 Speaker 1: bad thing. It is just good fiscal discipline to do 47 00:02:00,200 --> 00:02:01,880 Speaker 1: that from time to time in the country will be 48 00:02:01,880 --> 00:02:03,600 Speaker 1: better off for it. So I, for one and pleased 49 00:02:03,920 --> 00:02:06,120 Speaker 1: that we will not for once be going to this 50 00:02:06,240 --> 00:02:08,280 Speaker 1: year's budget wondering what we're all going to get out 51 00:02:08,320 --> 00:02:10,920 Speaker 1: of the lolly scramble. Instead, we're going to be wondering 52 00:02:11,160 --> 00:02:14,160 Speaker 1: how much has been cut and from where which is 53 00:02:14,200 --> 00:02:14,679 Speaker 1: a good thing? 54 00:02:15,480 --> 00:02:18,639 Speaker 2: For more from hither Duplessy Allen Drive. Listen live to 55 00:02:18,760 --> 00:02:21,800 Speaker 2: news talks. It'd be from four pm weekdays, or follow 56 00:02:21,840 --> 00:02:23,600 Speaker 2: the podcast on iHeartRadio