Darren Gibbs: Westpac Senior Economist on what to expect from today's Budget Police Statement - The Mike Hosking Breakfast

The Finance Minister will today unveil the Government's long-awaited Budget Policy Statement. 

The document will shed important light on the fiscal situation ahead of May's full Budget. 

Nicola Willis has told Kiwis for weeks the financial situation is much worse than expected, and today she'll give clues on how bad it really is. 

Darren Gibbs, a Senior Economist for Westpac, told Mike Hosking that they’ve very much telegraphed the economic situation, which is weaker than they envisioned at the half-year update. 

He said that they’re not expecting to get explicit fiscal figures, but rather tea leaves they can sift through to get an idea of what to expect. 

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