Minister says sticking to 5% spending rule would pose risk to public services

The transcript discusses the government's approach to maintaining public services while managing budget constraints. It highlights the need for prioritization in spending, the criticism from IFAC, and the importance of setting aside surplus funds for future needs. The discussion also covers the challenges of adhering to a 5% spending rule during economic shocks like the pandemic and inflation. The government aims to balance current needs with long-term planning, ensuring sustainable economic policies.

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