Kiwis are being told not to panic, as national debt edges toward the trillion-dollar mark
Kiwis are being told not to panic, as national debt edges toward the trillion-dollar mark
18 August 2025
Collective debt's risen to 870-billion dollars for the year to May - up 5.4-percent on last year's 830-billion.
However, the rate of borrowing's eased in the past two years, as the Government's trying to rein it in.
ANZ Chief Economist Sharon Zollner says these numbers don't tell us a huge amount.
She says if they'd be more meaningful if considered relative to income or wealth.
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