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# Nicola Willis rejects quick fixes, backs open markets
- URL: https://goodoil.news/nicola-willis-rejects-quick-fixes-backs-open-markets/
- Published: 2025-06-30T06:14:38.000Z
- Updated: 2025-06-30T21:10:41.000Z
- Description: “Subsidising fuel might feel good today, but it undermines the long-term resilience of our economy.”
- Author: Centrist
- Tags: News

Summarised by [Centrist](http://www.centrist.nz/?ref=goodoil.news)

**In an interview, New Zealand Finance Minister Nicola Willis firmly rejected the idea of fuel subsidies, stating, “We don’t believe in short-term fixes that distort the market.**

**“Subsidising fuel might feel good today, but it undermines the long-term resilience of our economy,” she said.**

Willis noted the dangers of protectionism, particularly in light of recent global tariff escalations. “Tariffs are a tax on consumers,” she said. “They raise prices, reduce choice, and ultimately make economies less competitive. New Zealand thrives when trade flows freely. We’re a small, open economy, and we depend on access to global markets.”

She also addressed investor sentiment, noting a surge in international interest: “We’re seeing strong signals from foreign investors who view New Zealand as a stable, rules-based economy. That’s a direct result of our commitment to sound economic management.”

On fiscal policy, Willis was resolute: “We’re not going to spend our way out of volatility. Our plan is to return to surplus by 2027/28\. That means careful prioritisation, not knee-jerk stimulus.” 

“This is a time to back our exporters, invest in infrastructure,” she said. 

Willis concluded: “We can’t control what happens in Washington or Beijing, but we can control how we respond. New Zealand must remain open, agile, and focused on long-term prosperity.”

[**Read more over at MSN**](https://www.msn.com/en-us/money/markets/the-world-does-better-when-trade-flows-freely-new-zealand-finance-minister/vi-AA1Hrcqk?ocid=BingNewsVerp&ref=goodoil.news)

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