4. Question No. 4—FinanceHon GRANT ROBERTSON (Labour) to the Minister of FinanceQuestion No. 4—Finance4. Hon GRANT ROBERTSON (Labour) to the Minister of Finance: Does she stand by all of the fiscal and economic commitments made in the coalition agreements signed by National New Zealand First and ACT?Hon NICOLA WILLIS (Minister of Finance): Yes subject to final consideration and decision making by Cabinet.Hon Grant Robertson: Will the total value of the savings and new revenue initiatives in the list that she released yesterday be used to fund the tax cuts programme in the coalition agreement?Hon NICOLA WILLIS: As the member knows savings reprioritisation and revenue can all contribute to the consolidated fund—Hon Grant Robertson: Oh so that's how we're going to do it now.Hon NICOLA WILLIS: —to the accounts of the Government. Yes we will be saving money we will be reprioritising money we will be raising revenue from new sources such as better audits at the Internal Revenue Department and all of that will support two things. Yes it will support income tax relief. It will also support better books.Hon Grant Robertson: That's heavy lifting there. Was the table of savings and initiatives that she issued in hard copy in the Budget lock-up yesterday a Treasury document?Hon NICOLA WILLIS: Sorry the member will have to repeat his question.Hon Grant Robertson: Was the table of savings and initiatives that she issued in hard copy in the Budget lock-up yesterday a Treasury document?Hon NICOLA WILLIS: That was a table provided to me by Treasury that had gone through a Treasury assurance process.Hon Grant Robertson: What are the good estimates" that Treasury has given her of the cost of her tax cut policy that she talked about on Radio New Zealand this morning?Hon NICOLA WILLIS: Treasury have provided me with indicative costings of what it would cost to deliver on National's personal income tax plan. They've caveated that carefully to say that it does depend on how we design that policy. According to the coalition agreement between National and ACT we are still taking detailed design and implementation advice.Hon Grant Robertson: Do the concepts of ACT's income tax policy as a pathway to the delivery of tax cuts—that she noted just now in her answer and in her media release yesterday—include the reduction of the 39 percent top tax rate?Hon NICOLA WILLIS: No.Hon Grant Robertson: What other elements of ACT's income tax policy remain on the table?Hon NICOLA WILLIS: We are having detailed discussions. We're taking a range of advice. There are a lot of options. What we also share in common is this: we want to deliver income tax relief next year but it is our view that in principle where we can we should allow New Zealanders to keep more of their own money. We shouldn't be a Government that just keeps spending and spending and spending with very few results to show for that. New Zealanders had six years of that and they didn't like it very much.Hon Grant Robertson: Does she agree with Cameron Bagrie that he is surprised that she is doubling down on tax cuts and they "would not be top of the pops for me" right now or indeed the OECD's view that such tax cuts would add to inflation?Hon NICOLA WILLIS: I'm not surprised that Cameron Bagrie has a view; he is entitled to it.Hon Grant Robertson: Does she agree with the editorial in the New Zealand Herald this morning that her hyperbole will only serve to undercut her credibility in the long run and will she join me in some taxpayer-funded hyperbole aversion courses which apparently some colleagues think I need too?Hon NICOLA WILLIS: I'm sure that the member and I have many things in common. There are also many things that differentiate us. One of the things that I hope—Hon Grant Robertson: The time I went to bed last night being one of them.Hon NICOLA WILLIS: —and I'm working with this fine team of people to deliver is that we will be people who when we say things we deliver them. We will be people who make things happen and deliver results. And yes it was very nice to see you last night Mr Robertson."