Murray Horn: Former Treasury Secretary and NZ Initiative Senior Fellow on Treasury revising their economic forecasts amid oil shocks

The Finance Minister's between a rock and hard place ahead of her budget.  Moody's has downgraded New Zealand's economic outlook from stable to negative and Treasury officials are revisiting their economic forecasts.   Nicola Willis says the Government shouldn't be spending more to deal with the fuel crisis, but austerity also isn't the answer.  Former Treasury Secretary and NZ Initiative Senior Fellow Murray Horn told Mike Hosking borrowing more and more won't work.   He says all that will do is delay the economic pain and make it worse.  LISTEN ABOVE See omnystudio.com/listener for privacy information.