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