HYEFU: Government books to stay deep in deficit until 2029

[king1]

Anyone care to guess what " Treasury unwinding overly optimistic assumptions" really means - sounds like bollocks to me... 

and for the first time EVER they have chosen not to blame the previous government?

Finance Minister Nicola Willis said the forecasts showed the economic downturn started sooner and was deeper than had been previously thought

She said the worsening of the financial backdrop was not a result of government decisions.
"It has been driven largely by Treasury unwinding overly optimistic assumptions about the state of the economy."

https://www.rnz.co.nz/news/national/5369...until-2029