The Government is defending its level of spending over the past few years, saying much of it was out of its control.
It's cutting spending on public contractors and consultants, in a bid to return to a more sustainable fiscal position.
The Finance Minister says it'll save almost $4 billion over four years.
Prime Minister Chris Hipkins told Mike Hosking we're having to pay the economic price of severe weather events - and the pandemic.
"Supporting New Zealanders through the global pandemic has had an economic consequence - and we're still dealing with that."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!