Budget 2021 Exclusive

Time for a fresh debate on public debt: Robertson

Pattrick Smellie
Wed, 12 May 2021

Time for a fresh debate on public debt: Robertson
Pattrick Smellie
Wed, 12 May 2021
A “modern, mature debate” about the appropriate level of government debt is needed if New Zealand is to catch up with its deep infrastructure deficit, says finance minister Grant Robertson.Speaking to BusinessDesk ahead of his first budget of the current parliamentary term on Thursday next week, Robertson remains committed to NZ having lower levels of government borrowing than its rich country peers.“As a small open economy vulnerable to natural disasters and external shocks, we will inevitably keep our debt a bit lower than t...

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