The Finance Minister is standing by the Government's record, after Treasury today laid the books bare.

The Pre-Election Economic and Fiscal Update suggest our recession's likely over, but shows the Government deficit will continue longer than predicted in the Budget.

Debt's now expected to peak at 22.8 percent of GDP by 2025.

Grant Robertson says our Government borrowing wasn't for nothing.

"Lots of New Zealanders alive today who wouldn't have been during Covid, businesses that have been able to survive- yes, we had to borrow significant amounts of money to get through Covid. Most political parties supported us doing that."

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The Finance Minister is standing by the Government's record, after Treasury today laid the books bare.
The Pre-Election Economic and Fiscal Update suggest our recession's likely over, but shows the Government deficit will continue longer than predicted in the Budget.
Debt's now expected to peak at 22.8 percent of GDP by 2025.
Grant Robertson says our Government borrowing wasn't for nothing.
"Lots of New Zealanders alive today who wouldn't have been during Covid, businesses that have been able to survive- yes, we had to borrow significant amounts of money to get through Covid. Most political parties supported us doing that."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.