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Nicola Willis: Finance Minister on treasury report calculating the total cost of the pandemic at $66 billion

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Manage episode 498882781 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Government says it won't make the same mistakes as the last if hit with an event similar to the Covid-19 pandemic.

A Treasury report has calculated the total cost of the pandemic at $66 billion.

It puts New Zealand among the highest spenders as a proportion of GDP on the Covid response in advanced economies.

Finance Minister Nicola Willis told Ryan Bridge nearly half of the spending was on unnecessary initiatives.

She says it didn't make a difference to the economy, and racked up huge amounts of debt.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4673 episodes

Artwork
iconShare
 
Manage episode 498882781 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The Government says it won't make the same mistakes as the last if hit with an event similar to the Covid-19 pandemic.

A Treasury report has calculated the total cost of the pandemic at $66 billion.

It puts New Zealand among the highest spenders as a proportion of GDP on the Covid response in advanced economies.

Finance Minister Nicola Willis told Ryan Bridge nearly half of the spending was on unnecessary initiatives.

She says it didn't make a difference to the economy, and racked up huge amounts of debt.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4673 episodes

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