Government deficit of $9.3b shows progress, says Nicola Willis

Thursday 9 October 2025 · 2 outlets · 2 reports · updated Thu 9 Oct 2025, 7:13pm

In this story Nicola Willis, Treasury, ACC

Finance Minister Nicola Willis stated the government's finances showed progress after the June year ended with a $9.3 billion deficit. This figure was $869 million lower than the May budget forecast. The deficit was calculated using a new formula that excludes ACC costs.

How they headlined it

7:01pm

1. RNZThu 9 Oct 2025, 7:01pm

   Government deficit of $9.3b shows 'progress', Finance Minister Nicola Willis says (opens in new tab)

2. Otago Daily TimesThu 9 Oct 2025, 7:13pm

   Willis lauds 'progress' as deficit lower than expected (opens in new tab)