Steven Joyce: Former Finance Minister on the government's deficit growing by $3.4 billion

The Mike Hosking Breakfast

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1d ago 4:28

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Former Finance Minister Steven Joyce says there are some things worth celebrating amidst a grim outlook on the economy.

Treasury documents show the Crown's deficit has grown $3.4 billion dollars in the year to June, to $12.9 billion.

Spending is outpacing income despite revenue increasing by $14 billion.

Steven Joyce told Mike Hosking that recovery will be tough, but there are some positives shining through.

He said that while the country’s net debt doubled post-Covid, we’ve got inflation under control.

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