• Jenee Tibshraeny: NZ Herald Wellington business editor warns debt uptick will come with additional costs

  • Dec 18 2024
  • Length: 6 mins
  • Podcast

Jenee Tibshraeny: NZ Herald Wellington business editor warns debt uptick will come with additional costs

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  • Summary

  • 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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