Labour leader Jacinda Ardern says the large parties have not become "victims" in the government formation process with New Zealand First.
She is pushing back against the notion that big parties had made excessive concessions to Winston Peters' party.
"A party only extracts whatever deals another party is willing to give up and to do a deal on," she told Newshub this morning.
"We have a lot of power in our hands. It is up to us to decide what is incredibly important for to us to deliver in government.
"We've got a role to play as well. Concessions are only made if we are willing to make them and there is give and take in a negotiation as you would expect.