High Govt debt could become the new normal, leading economist warns | Stuff.co.nz
In another sprinkling of pre-Budget cash, the Government has announced a series of proposed tax tweaks to encourage foreign investment in New Zealand infrastructure.
Finance Minister Nicola Willis says the $75 million over four years demonstrates the Government’s commitment to economic growth.
But a leading economist says the country’s infrastructure deficit is immense and demand is everywhere, so the Government needs to accept that high debt levels will become the new normal. Political Correspondent Zane Small reports. | Subscribe: https://bit.ly/2JPg8oB
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