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Finance Minister Nicola Willis is doubling down on her "disciplined" plan for returning the books to surplus - despite new forecasts delaying it by yet another year.

And she took aim at those advocating for sharper spending cuts, such as the Taxpayers' Union, warning that that prescription would deliver "human misery".

"We are sticking to our strategy," Willis said. "Not over-reacting to movements in the forecasts."

Treasury's half-year update, published on Tuesday, predicted a return to surplus in 2029/30 - a year later than its fo

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