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29 Mar 2024 9:19
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  •   Home > News > Politics

    Taking on more debt to make a good investment isn't a problem

    Taking on more debt to make a good investment isn't a problem


    A leading economist's directing that at a resolute Finance Minister who's
    refusing to budge on an election promise to lower debt by 2021.

    BNZ's Head of Research Stephen Toplis says the debt limit of 20 percent is
    all but arbitrary.

    He says we're going to miss that target anyway - but
    we're in a strong financial position regardless.

    Toplis says if we need to take on more debt to invest in quality projects,
    that's not bad.

    He says the focus is too much on the number, and not why debt's increasing or
    decreasing.

    © 2024 Newstalk ZB, NZCity

     Other Politics News
     29 Mar: Another pay offer is on the table for Police - after union members labelled the last one insulting
     28 Mar: The Secondary Principals Association believes the community should get behind schools and students to help reduce bad behaviour
     28 Mar: Victorian Premier Jacinta Allan says government will roll out tobacco shop licensing by end of year
     28 Mar: Local councils are being challenged to back up rising debt with infrastructure revenue
     28 Mar: Tax havens and worker exploitation: Baltimore bridge disaster gives glimpse into 'murky world' of shipping
     28 Mar: Cabinet has halted work on plans to make the Kermadec Ocean area, a sanctuary
     28 Mar: Fiji PM orders Chinese police out of country, saying no need for them in Pacific police force
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    Another pay offer is on the table for Police - after union members labelled the last one insulting More...



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