The surprisingly large uptick in the amount of debt the Treasury is expected to issue in coming years will come at a cost, S&P Global Ratings warns.

On Tuesday, Treasury increased its forecast bond issuance programme by a whopping 16 percent.

It now believes it’ll have to issue $146 billion of New Zealand Government Bonds (debt) in the four years to 2027/28 - $20b more than forecast at the Budget in May.

NZ Herald Wellington business editor Jenee Tibshraeny explains further.

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The surprisingly large uptick in the amount of debt the Treasury is expected to issue in coming years will come at a cost, S&amp;P Global Ratings warns.
On Tuesday, Treasury increased its forecast bond issuance programme by a whopping 16 percent.
It now believes it’ll have to issue $146 billion of New Zealand Government Bonds (debt) in the four years to 2027/28 - $20b more than forecast at the Budget in May.
NZ Herald Wellington business editor Jenee Tibshraeny explains further.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Jenee Tibshraeny: NZ Herald Wellington business editor warns debt uptick will come with additional costs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a9276592-2f58-46f9-aedc-b24a00754f9d/transcript

Several Greens members have been caught asking to use the private carparks belonging to Wellington retailers for a party event.

These retailers were impacted by Green-led cycleway project, which took away on-street parking in the area.

Independent Business and Residential Group chairwoman Urmila Bhana says this cycleway has negatively impacted several businesses.

"Businesses are down 60, 80, 100 percent, they're either moving, closing, or heading into liquidation. And that's nothing to do with the recession, it's the carpark removal."

LISTEN ABOVE

 

Several Greens members have been caught asking to use the private carparks belonging to Wellington retailers for a party event.
These retailers were impacted by Green-led cycleway project, which took away on-street parking in the area.
Independent Business and Residential Group chairwoman Urmila Bhana says this cycleway has negatively impacted several businesses.
"Businesses are down 60, 80, 100 percent, they're either moving, closing, or heading into liquidation. And that's nothing to do with the recession, it's the carpark removal."
LISTEN ABOVE
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Best of 2024: Greens caught asking to use private carparks after their cycleway impacted parking

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/898919e8-ad8e-41d1-9f70-b256002d7211/transcript

One transport planner is looking into the feasibility of a fixed link between New Zealand's two islands.

KiwiRail are officially cancelling an overseas contract for building more mega-ferries, after the Government declined to foot the bill.

Nicolas Reid, the Principal Public Transport Planner for MRCagney, says there are other options available to cross the Cook Strait.

"There's options around the existing ferries and expanding those ferries, and also moving to a fixed link such as a bridge or a tunnel."

LISTEN ABOVE

One transport planner is looking into the feasibility of a fixed link between New Zealand's two islands.
KiwiRail are officially cancelling an overseas contract for building more mega-ferries, after the Government declined to foot the bill.
Nicolas Reid, the Principal Public Transport Planner for MRCagney, says there are other options available to cross the Cook Strait.
"There's options around the existing ferries and expanding those ferries, and also moving to a fixed link such as a bridge or a tunnel."
LISTEN ABOVE

Best of 2024: Transport planner details the feasibility of new Cook Strait links

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/92307065-3f0e-4542-83d8-b2510151d717/transcript

Over in the US, share prices have slumped after the US Federal Reserve hinted at a slower than expected pace for rate cuts in the new year.

The Federal Reserve set its key lending rate in a target range of 4.25 percent to 4.5 percent - down a full percentage point since September.

Fisher Funds expert Sam Dickie explains further.

LISTEN ABOVE

Over in the US, share prices have slumped after the US Federal Reserve hinted at a slower than expected pace for rate cuts in the new year.
The Federal Reserve set its key lending rate in a target range of 4.25 percent to 4.5 percent - down a full percentage point since September.
Fisher Funds expert Sam Dickie explains further.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on the US Federal Reserve adopting a hawkish outlook for 2025

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7098d0df-3774-4aec-8b42-b24b00709edc/transcript

Jenee Tibshraeny: NZ Herald Wellington business editor warns debt uptick will come with additional costs

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