An age-old question: who will pay your pension?

If spending keeps rising, so eventually will taxes. (Image: BusinessDesk)

Tue, 06 Jul 2021

Government debt is on an unsustainable path, expected to rise more than five-fold relative to the size of the economy by 2060. Treasury released the numbers in a consultation paper looking at long-term fiscal challenges ahead of issuing the 2021 Statement on the Long-Term Fiscal Position. Long-term modelling is subject to huge uncertainty but picks up slow-moving trends such as population ageing, and the compounding effect of doing nothing on the operating balance and debt.Change is needed. The question for the government...

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Markets Market close

NZ sharemarket down 1.13% for the week

The S&P/NZX 50 Index closed at 11,796.21, down 39.83 points or 0.34%.

Graham Skellern 6:15pm

Law & Regulation

Two new judicial appointments

Attorney general Judith Collins reveals new judges for high court and court of appeal.

Staff reporters 3:15pm

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Fast-track ‘stakeholders’ list released

Major corporates including Carter Group and Fonterra are on the list.

Victoria Young 2:30pm

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Boosting rural growth with innovation

Productivity and sustainability go hand in hand for the rural sector

ASB Scam Update

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Auckland's new "Midtown" taking shape

5-star hybrid workspaces, combined with the City Rail Link, are creating a revitalised inner-city zone designed to motivate workers back to the office.

Alberts