Jenee Tibshraeny: NZ Herald Wellington business editor warns debt uptick will come with additional costs
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
The surprisingly large uptick in the amount of debt the Treasury is expected to issue in coming years will come at a cost, S&P Global Ratings warns.
On Tuesday, Treasury increased its forecast bond issuance programme by a whopping 16 percent.
It now believes it’ll have to issue $146 billion of New Zealand Government Bonds (debt) in the four years to 2027/28 - $20b more than forecast at the Budget in May.
NZ Herald Wellington business editor Jenee Tibshraeny explains further.
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