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.

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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

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