Economy

BUDGET 2019: NZ debt target to be more flexible from 2022

Rebecca Howard
Wed, 22 May 2019

By Rebecca Howard May 23 (BusinessDesk) - The government remains committed to reducing net debt to 20 percent of gross domestic product by 2022 but plans to shift to a target range rather than a single figure, says the finance minister.  "At this point, we are looking at a range of 15-25 percent of GDP, based on advice from the Treasury. This range is consistent with the Public Finance Act’s requirement for fiscal prudence, but takes into account the need for the government to be flexible so that it can respond to economic conditions," Fi...

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