Photo: RNZ / Samuel Rillstone
No unicorns, no rainbows, no BS, but not austerity - this is how Finance Minister Nicola Willis has described her second budget to be revealed this afternoon.
It will reveal the government's new spending, and the savings from its sudden pay equity changes and other cuts.
The government has given itself $1.3 billion of new money to use on day to day spending.
But already $2.5b is needed just to deliver current services, and more than $3b has been allocated in pre-budget announcements for health, defence, social investment, state abuse survivor redress and the screen production rebate. So what's going to give?
Independent economist Cameron Bagrie joins Kathryn.
