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"Can't keep racking up debt on the credit card": Govt slashes operating allowance by $300m

Author
Newstalk ZB,
Publish Date
Thu, 14 May 2026, 8:23am
Photo / Mark Mitchell
Photo / Mark Mitchell

"Can't keep racking up debt on the credit card": Govt slashes operating allowance by $300m

Author
Newstalk ZB,
Publish Date
Thu, 14 May 2026, 8:23am

The Finance Minister says the Budget "lolly scrambles" are well and truly a thing of the past. 

The Government's cut its operating allowance by another $300 million to $2.1 billion. 

Nicola Willis says Government ministers have been looking carefully for savings. 

She told Mike Hosking they're having to be very careful about the choices they make. 

Willis says they need to look for investments that drive growth, living standards, and affordability. 

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