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19 Jun 2021 19:16
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  •   Home > News > Business

    A former finance minister says borrowing money to stimulate economies now, could create even bigger problems further down the track

    A former finance minister says borrowing money to stimulate economies now, could create even bigger problems further down the track


    Australia's federal government last night announced a big spend-up on aged care, disability services, mental health, roads and training in its annual budget.

    It's taking on more debt -- in the hopes of creating a quarter of a million jobs over the next two years.

    Steven Joyce says all governments needs to balance immediate stimulus needs, with the long-term picture.

    He says the challenge for everyone is dealing with the present, while considering what will happen after the pandemic.

    © 2021 Newstalk ZB, NZCity

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     Today's News

    Entertainment:
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    Environment:
    Auckland Mayor Phil Goff has been out assessing damage caused by a deadly tornado in South Auckland 18:56

    Entertainment:
    Valentina Sampaio is looking forward to "celebrating, uplifting and advocating" for all women with the help of Victoria's Secret 18:41

    Rugby League:
    Despite a messy start, the Warriors lead the Knights six points to four at half time of their NRL match in Newcastle 18:36

    Golf:
    US Open led by Richard Bland and Russell Henley at halfway on 5-under, four Australians make the cut 18:16

    Entertainment:
    The Duke of Edinburgh’s death left a “giant-sized hole” in the lives of the British royal family, the Countess of Wessex has revealed 18:11

    Law and Order:
    Calls for information following a serious attack on a man in Wellington CBD overnight last night 18:06

    Entertainment:
    Iggy Azalea is thrilled fans can now see she wasn't "talking s***" about her new fragrance 17:41

    Netball:
    A homecoming of sorts for Stars midcourter Gina Crampton 17:26

    Entertainment:
    Kevin Hart thinks he's a "cool dad" 17:11


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