There are “hard calls” ahead as the country recovers from Cyclone Gabrielle and the other extreme weather events of 2023, Finance Minister Grant Robertson warned this morning.
In a scene-setting speech to the Auckland business community ahead of the Budget next week, Robertson said these hard calls had been made by the Government in the immediate aftermath of the cyclone, but difficult decisions would increasingly be made by the private sector too.
“Hard calls are going to need to be made by central government, by local government, commercial businesses, communities, banks and insurance companies that will require a partnership for making decisions and for how we finance those decisions,” Robertson said.
He said Prime Minister Chris Hipkins had said the Government would “pay the Government’s share of response and recovery costs through the Government’s annual allowances we set ourselves each year to control spending”
“This has required prioritisation and tough decisions during the Budget 2023 process,” Robertson said, citing Thursday’s announcement that the Government had found $4b worth of savings from existing spending,