Speaking to Q+A, the new finance minister suggested the outgoing Labour Government had left “some nasty surprises” in the form of “pretty significant” fiscal risks.

“It’s fair to say that the outgoing government has left us with some nasty surprises. There are some fiscal risks that are pretty significant that we’re going to have to work hard to manage.”

[Nicola Willis] said: “What I’ve had for the first time is an opportunity to be briefed on some of the areas of spending that have become blowouts, and to understand just the beginning of that. My task over the coming week or two is to dig into that in deeper detail.” […]

Earlier this year, Willis pushed the line that “Labour left the cupboard bare” while then-opposition leader Christopher Luxon said outgoing finance minister Grant Robertson would “go down as one of the worst finance ministers this country has ever had”.

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A contribution from The BFD staff.