Debt level shift creates opportunity for accelerated action
on key wellbeing areas
Welcoming today’s
announcement of a change in New Zealand’s debt from 20% to
a band of between 15-and-25% of GDP, Barnett said it is a
step forward. It could allow the injection of $15b or more
into the NZ economy to deliver some real and lasting
solutions to our deep seated problems.
In recent weeks
we have had Government suggesting it had insufficient funds
to invest in education and yet education is at the heart of
our future; they have said there is insufficient funds for a
health sector that is under enormous pressure and of course
there are the issues of housing and the worsening traffic
congestion Aucklanders are facing every day.
“These
are all ingredients in a badly needed action agenda for New
Zealand to cope with its growth,” said Michael Barnett,
head of the Auckland Business Chamber.
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