The government's debt has shot up as our collective total gets closer to one trillion dollars. 

The country's overall debt rose to $870billion dollars for the year to May, 5.4-percent higher than last year’s $830billion. 

Central Government debt sits at nearly $239billion, rising 11-percent on last year. 

ANZ Chief Economist Sharon Zollner says it's worrying if it's getting frittered away, instead of going into key things like infrastructure.  

She says the trouble with the increase is the Government doesn't have a lot to show for it. 

LISTEN ABOVE 

The government's debt has shot up as our collective total gets closer to one trillion dollars.&nbsp;
The country's overall debt rose to $870billion dollars for the year to May, 5.4-percent higher than last year’s $830billion.&nbsp;
Central Government debt sits at nearly $239billion, rising 11-percent on last year.&nbsp;
ANZ Chief Economist Sharon Zollner says it's worrying if it's getting frittered away, instead of going into key things like infrastructure. &nbsp;
She says the trouble with the increase is the Government doesn't have a lot to show for it.&nbsp;
LISTEN ABOVE&nbsp;

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Sharon Zollner: ANZ Chief Economist discusses the government's rapid increase in national debt

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f1f05417-e42a-44ef-9ec2-b33c0148fb2a/transcript

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all. 

 

Red meat: 9/10 

It's so good, so record breaking, you honestly start to wonder just where is the ceiling? 

 

Dairy: 9/10 

Ditto. Four auctions, four runs batted in. We are rolling. 

 

Warriors: 6/10 

Early days, good crowd in the Bay, bad injury already, but the seeds of success are there. 

 

India: 3/10 

This is the stuff that ankle taps us. Between Labour and Winston, doofuses and xenophobes, we are a two step forward, one step back country. 

 

F1: 8/10 

The fact testing is being covered on New Zealand TV tells you how far that sport has come. 

 

LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW 

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all.&nbsp;
&nbsp;
Red meat: 9/10&nbsp;
It's so good, so record breaking, you honestly start to wonder just where is the ceiling?&nbsp;
&nbsp;
Dairy: 9/10&nbsp;
Ditto. Four auctions, four runs batted in. We are rolling.&nbsp;
&nbsp;
Warriors: 6/10&nbsp;
Early days, good crowd in the Bay, bad injury already, but the seeds of success are there.&nbsp;
&nbsp;
India: 3/10&nbsp;
This is the stuff that ankle taps us. Between Labour and Winston, doofuses and xenophobes, we are a two step forward, one step back country.&nbsp;
&nbsp;
F1: 8/10&nbsp;
The fact testing is being covered on New Zealand TV tells you how far that sport has come.&nbsp;
&nbsp;
LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW&nbsp;

Mark the Week: The seeds of the Warriors' success are there

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ef151f7b-5673-4237-b51a-b3f60165f5f5/transcript

It was the fish that summed it up for me. 

The Infrastructure Commission report was profound in its nature this week. 

Chris Bishop was dead right on this programme when he talked of its importance and, yet, its dryness. 

Big picture, infrastructure building and planning and funding isn't sexy. It never has been and that in some respects is why we are where we are. 

And what a place that place is. 

We, in parts, are a broken down, tragic, second-hand little nation that has let ourselves go. 

We were fighting fit once. We paid our way, had cash in pocket, did the job properly and had big dreams. 

In 2026 we are in hock up to our eyeballs, bitching, moaning and complaining, wanting everyone else to wipe our bums and solve our problems. 

But the fish is your real clue. 

The fish is in Rakaia and it's the town's mascot. It was in the news this week for being defaced and yet, in another irony, that wasn’t actually the story, or it shouldn’t have been. 

The other problem with small-minded, myopic New Zealand is a defaced town mascot is what passes for news these days, when the real story was the fish that was defaced had just had a $200,000 renovation job. 

$200,000 thousand dollars to polish up a fish?! 

Now, if Rakaia has perfect water and footpaths of gold and record low rates and a spare few hundred grand lying about looking to do luxury jobs, no problem. But guess what? It doesn’t. 

It will be like a lot of small-town New Zealand; in the hole with big picture issues that have been ignored for years. 

Yet a group of people who clearly aren't up for the real work thought it was appropriate to rejuvenate a fish. 

Did they have the dough? No. 

Was there a shed load of proper work to be done? Yes. 

But all that can wait because doing a fish up is easy, it’s a headline and you can bang on about civic pride. 

Until of course it gets defaced, at which point the media can't get hold of it fast enough and you can complain some more about crime and the irony that you now need even more money to fix the fish up again. 

When fish are the news the country's real issues don’t stand a chance. 

It was the fish that summed it up for me.&nbsp;
The Infrastructure Commission report was profound in its nature this week.&nbsp;
Chris Bishop was dead right on this programme when he talked of its importance and, yet, its dryness.&nbsp;
Big picture, infrastructure building and planning and funding isn't sexy. It never has been and that in some respects is why we are where we are.&nbsp;
And what a place that place is.&nbsp;
We, in parts, are a broken down, tragic, second-hand little nation that has let ourselves go.&nbsp;
We were fighting fit once. We paid our way, had cash in pocket, did the job properly and had big dreams.&nbsp;
In 2026 we are in hock up to our eyeballs, bitching, moaning and complaining, wanting everyone else to wipe our bums and solve our problems.&nbsp;
But the fish is your real clue.&nbsp;
The fish is in Rakaia and it's the town's mascot. It was in the news this week for being defaced and yet, in another irony, that wasn’t actually the story, or it shouldn’t have been.&nbsp;
The other problem with small-minded, myopic New Zealand is a defaced town mascot is what passes for news these days, when the real story was the fish that was defaced had just had a $200,000 renovation job.&nbsp;
$200,000 thousand dollars to polish up a fish?!&nbsp;
Now, if Rakaia has perfect water and footpaths of gold and record low rates and a spare few hundred grand lying about looking to do luxury jobs, no problem. But guess what? It doesn’t.&nbsp;
It will be like a lot of small-town New Zealand; in the hole with big picture issues that have been ignored for years.&nbsp;
Yet a group of people who clearly aren't up for the real work thought it was appropriate to rejuvenate a fish.&nbsp;
Did they have the dough? No.&nbsp;
Was there a shed load of proper work to be done? Yes.&nbsp;
But all that can wait because doing a fish up is easy, it’s a headline and you can bang on about civic pride.&nbsp;
Until of course it gets defaced, at which point the media can't get hold of it fast enough and you can complain some more about crime and the irony that you now need even more money to fix the fish up again.&nbsp;
When fish are the news the country's real issues don’t stand a chance.&nbsp;

Mike's Minute: This is why the real issues get ignored

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d61412ad-533a-4773-83c4-b3f60163a005/transcript

It’s Friday, which means Kate Hawkesby and Tim Wilson are back with Mike Hosking to Wrap the Week that Was. 

They discussed intermittent fasting, after a global review found it might not be the magic bullet it’s said to be, the earlier chat with Angela Strange about Te Huia, and how much you spend when given an unlimited restaurant voucher. 

LISTEN ABOVE 

It’s Friday, which means Kate Hawkesby and Tim Wilson are back with Mike Hosking to Wrap the Week that Was.&nbsp;
They discussed intermittent fasting, after a global review found it might not be the magic bullet it’s said to be, the earlier chat with Angela Strange about Te Huia, and how much you spend when given an unlimited restaurant voucher.&nbsp;
LISTEN ABOVE&nbsp;

Wrapping the Week with Kate Hawkesby and Tim Wilson: Intermittent fasting, Te Huia, unlimited restaurant vouchers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/73675ebb-4553-477f-949f-b3f6015d942d/transcript

Sharon Zollner: ANZ Chief Economist discusses the government's rapid increase in national debt

In 1 playlist(s)

The Mike Hosking Breakfast

Social links

Follow podcast

Recent clips