Nicola Willis: Finance Minister on Moody's credit rating agency downgrading outlook for New Zealand

The Finance Minister says politicians should see our downgraded Moody's economic outlook as a wake-up-call, as she pieces together her Budget.

The rating agency's moved our designation from stable to negative, but reaffirmed our triple A credit rating.

Nicola Willis says she's got a clear set of goals for the 2026 Budget - and she's committed to sticking with them even during the ongoing crisis.

"The most urgent thing I'm having to do, pretty much every day at the moment, is say no to spending more...many New Zealanders are saying cut the petrol tax, do this for us, do that for us - I get it." 

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