Subscribe today - find out more
Why you should consider BusinessDesk
Opinion

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

Cameron Bagrie
Tue, 06 Jul 2021

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

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion
The hermit trading nation
Ian McCrae | Sat, 25 Sep 2021

The rest of the world is opening up, and NZ businesses' international customers are getting frustrated. 

Law & Regulation
Deloitte: Why consultants are moving into advertising
Daniel Dunkley | Sat, 25 Sep 2021

The glamorous advertising world looks set for a shake-up.

On the Money
On the Money: Judith Collins, Ardie Savea, NZ's most accessible business leaders, and more
Rebecca Stevenson | Sat, 25 Sep 2021

OTM this week: the parallels between Judith Collins' business and political careers, who are the most approachable business leaders in NZ, which company is holding fire to get personal? And more.

Sponsored
Demand driven change an easier route to carbon reduction

Taking a demand-driven approach to carbon reduction will naturally bring us into line with government targets.

Sponsored
Kiwi security technology leading the world

Businesses must take advantage of our home-grown, world-leading, internationally-valued cyber defence systems to manage risk.