The new Government's self-imposed debt target is limiting its ability to borrow to fix growing infrastructure deficits. Bernard Hickey reports it will be forced into fancy and expensive financing tools such as PPPs and infrastructure bonds.
In today's email we check out the size of the kitchen sink finance minister Steven Joyce may lob at the electorate with the upcoming Budget.
The Government has lowered its target for the debt to GDP ratio, effectively shifting one of the anchors of its economic policy. Bernard Hickey looks at why the Government made the change and how it might restrict its choices over the long run around tax cuts, infrastructure spending and social spending.
For the convenience of subscribers, here's my weekend column in which I say that, just as our society has created an obesity-generating environment, it has also created a debt generating environment. Somehow, we have to change those social cues.
Bill English has unveiled his eighth Budget with few major surprises and barely enough room for tax cuts from next year.
Record high net migration and surprisingly low inflation have taken their toll in an unexpected area -- removing the fiscal headroom for a big pre-election tax cut.
For the convenience of subscribers, here's my weekly column in which I wonder why NZ Inc decided to borrow NZ$30 billion to bet on a volatile commodity price.
For the convenience of subscribers, here's my weekend column written after viewing 'The Big Short', which reminds us all what hubris about over-valued housing looks like. I look at whether Auckland's property perma-bulls are as guilty now as the US ones were in 2005-06.
Here's a question for Auckland's property owners, and be honest with your answer.