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.

LISTEN ABOVE

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

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.

Heather du Plessis-Allan Drive

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/574dc897-ba17-4d74-83bd-b24a00754e21/transcript

Advertisement