52158 (2024). Francisco Hernandez to the Minister of Finance

52158 (2024). Francisco Hernandez to the Minister of Finance: What advice, if any, has the Minister received on the impact of public service cuts, if any, within their department, if any?

Hon Nicola Willis: The Treasury prioritised it's work programme in line with the saving targets and reduction in available resources. Treasury engaged with me to ensure its programme will deliver to the Government's priorities. The RBNZ has not been asked to identify savings resulting from the Government’s directive to reduce expenditure in the public service due to its unique funding arrangements. RBNZ funding levels are determined through a five-year funding agreement. The approach to the next agreement is the subject of discussion between RBNZ and the Minister of Finance with no final decisions having been made.