Yeah but there's not an election this year.. it's next year.
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Yeah but there's not an election this year.. it's next year.
Is nothing sacrosanct anymore? Labour said they'd keep debt between 15%-20% of GDP, now it's 36% and forecast to rise to 50%, another $48 billion, but wait .. they just change the rules on how they count debt and bingo it's back to 20%. FFS. These economy wreckers must go, another year of ruining NZ and future generations.
Who cares?
It's the interest that matters (see japan).
Hence the S&P rating.
The governments net worth is increasing:
https://www.stats.govt.nz/information-releases/government-finance-statistics-general-government-year-ended-june-2021
Not even current figures and in Fiat Kiwi badly eroded courtesy of Govt's directives:)
On the back of what is coming with inflation, rising interest rates and harder times - a red herring :)
No matter how it's spun, it will be cold comfort all those out there who Ardern has promised
better times, which hasn't & likely wont materialise any time soon with them all on the standard IGNORE ;)
Who cares? The current and future generations of taxpayers who will be up to their eyeballs in debt, they’ll care, probably enough to vote out this incompetent reckless government. S&P won’t care, they’re not paying back the debt.
Incredible naivety, are you topping up your benefit with the labour shill money?