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Full video: Chris Hipkins speaks after final pre-election fiscal update

By 1News Reporters
2:03pm

The Labour leader spoke from Auckland this afternoon. Source: 1News (Source: Other)

Labour leader Chris Hipkins has spoken to media from Auckland after the Government’s books were opened in the Pre-election Economic and Fiscal Update (PREFU) today.

PREFU is Treasury's final snapshot of the Government's finances before voters head to the polls.

In today's update, Treasury forecast a smaller-than-expected $6.8 billion deficit for 2026/27, with the Govt's books still expected to return to surplus in 2028/29.

It comes after Labour launched its official election campaign over the weekend.

Hipkins spoke shortly after 2pm.

Follow all today’s developments here

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Full video: Chris Hipkins speaks after final pre-election fiscal update

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