Bill English, Finance Minister has said that he is planning to have a 'hard look' at the public sector so that cash deficits can be weighed and controlled.

This also calls for studying the government's ability to fund its services in the coming years. While talking to the Parliament, Bill said that it is expected that the December half-year economic update will show shrinks in tax revenue and also receipts.

He said that the value will be lesser by $750 million for July-August period. The residual cash deficit is going to be more than $13 billion.

Talking to M Ps, Bill said, "Over the next two or three years, there'll be significant restructuring in the way government does business and we'll take a pretty hard look at the functions (where) the government thinks it might have priorities".

He further added, "We've taken a very stimulatory approach, but we can't continue at that rate, we can't continue with $10-$11 billion cash deficits."

Tax take of the government was down $4 billion, $1.1 billion alone was due to recession in the economy.