New Zealand's debt levels are closing in on $1 trillion, almost doubling in the last ten years. 

Economist Cameron Bagrie told Mike Hosking that while our debt issues need to be solved, on a global level we aren't out of the norm. 

"The government books are a lot healthier than what we're seeing in an awful lot of other countries around the globe, but we're, we're a shaky island, so we get a bit of a shock every sort of 10 years, so we can't afford to take debt probably too much beyond 50% of GDP."

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