Are the Govt's books in good shape to weather a financial storm?

News 29/03/2019

Finance Minister Grant Robertson claims the Government's books are in good shape to weather a financial storm.

Is this true?

NZIER principal economist Christina Leung thinks so.

"The Government has been running a fairly prudent approach to spending. So it does mean that the surplus is running ahead of schedule. It's useful to have for a rainy day, should things start to deteriorate."

But there are problems with our high rate of borrowing.

Watch the video for the full interview.