People are mixed up with Govt Debt and Private debt, you see it on here, posters who are confusing the two.
If you think Grant Robertson is spending like a drunken sailor how would you describe most other countries who have much higher Govt Debt to GDP ratios than us !
Due to the Pandemic & its on flowing effects in many different areas, the war in Ukraine, Global instability, the catastrophic weather events on large parts of both islands, everyone is crying out for support at the moment.
Our Govt Debt to GDP ratio is still low compared to many many other countries.
Yes we have high Private Debt but that's not Govt Debt & is due to this insane housing market & the increasing Consumer society where with so much credit available, today you can have anything you want.
https://www.ceicdata.com/en/indicato...of-nominal-gdp