Opinion

CAMERON BAGRIE: Covid's sacred cows: NZ Super or austerity?

Cameron Bagrie
Tue, 29 Sep 2020

CAMERON BAGRIE: Covid's sacred cows: NZ Super or austerity?
Cameron Bagrie
Tue, 29 Sep 2020
The pre-election economic and fiscal update needs more widespread debate.The obvious story was a slowly improving landscape, despite 15 years of projected fiscal deficits, as well as net debt hitting 55 percent of gross domestic production in 2024 and falling to 48 percent by 2034.  The good news is those figures are better than a host of international peers. The bad news is that being less bad does not make the figures good, New Zealand has high private sector debt levels and net debt around 50 percent of GDP provides little buffer to abs...

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