NZ must fund higher healthcare, pension costs while avoiding debt blowout, Treasury says

Thu, 11 Jul 2013

By Tina Morrison July 11 (BusinessDesk) – New Zealand needs to consider how it is going to fund rising healthcare and pension costs in the future while avoiding a blowout in government debt, the Treasury says in its latest statement on the nation’s long-term fiscal position. On the nation’s current track, revenue will fail to meet expenses by the mid-2020s, the Treasury says in its third such outlook statement to the government. The report, which must be produced every four years, aims to stir debate on options to address the shortfall. The...

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