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Stacking money - Source: ONE News
Cabinet sits on Tuesday for the first time this year with the economy at the top of the agenda.
Ministers will be reflecting on the past year and looking at the challenges that lie ahead.
Tax reform is on the agenda but the government's already made it clear any changes will be revenue neutral, which means it may give with the one hand but take with the other.
On Breakfast on Tuesday, Prime Minister John Key said it would be a 'light agenda today."
He says two of the main issues to focus on this year will be Education standards and tax, and that one of the issues to be looked at on Tuesday will be minimum wage.
A tax working group will release its report on potential tax cuts, changes to gst and property taxes on Wednesday.
Key says he would like to announce further personal tax cuts, but is warning the government doesn't have much money to spare for new initiatives this year, including tax breaks.
Finance Minister Bill English's Budget, which is delivered midway through the year, will be critical, but given the government continues to borrow $1 billion a month to keep the country afloat, there will not be much room to move.
