Capital Markets: Budget cuts and surplus targets clash with long-term deficit warnings
Richard Harman warns that challenging fiscal times are ahead, regardless of who forms the next Government. Photo / Mark Mitchell
THREE KEY FACTS
Nicola Willis is looking to make the upcoming Budget one of the tightest we have seen.
She has already cut the allowance for new spending from $2.4 billion (which Treasury last year said was not enough) to $1.3b.
Her reward on Budget day will be to be
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