When the Facts Change artwork

The real reason our government won't borrow to fix our infrastructure issues

When the Facts Change

English - February 22, 2024 16:00 - 38 minutes - ★★★★★ - 6 ratings
Politics News Government nzpol nz politics economics nz economy bernard hickey nz business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Christopher Luxon has described Aotearoa’s government finances as fragile, but the most qualified folks in financial markets don’t see it that way. Bernard Hickey talks to S&P Global’s government ratings director Anthony Walker about just how fragile our government and local council finances actually are. According to Anthony, NZ’s AAA rating means international investors view NZ as a strong borrower with $120 billion worth of borrowing headroom to solve its infrastructure deficits. Yet the government still won’t borrow. Why not?
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Christopher Luxon has described Aotearoa’s government finances as fragile, but the most qualified folks in financial markets don’t see it that way. Bernard Hickey talks to S&P Global’s government ratings director Anthony Walker about just how fragile our government and local council finances actually are. According to Anthony, NZ’s AAA rating means international investors view NZ as a strong borrower with $120 billion worth of borrowing headroom to solve its infrastructure deficits. Yet the government still won’t borrow. Why not?

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