Budget 2016: The debt picture softens
“Rising real interest rates are the true nightmare in a highly leveraged world,” Professor Niall Ferguson says. With special feature audio.
New Zealand will get an update on the level of government debt tomorrow when Finance Minister Bill English unveils his eighth budget – but that debt will still be extraordinarily low by global standards.
Prime Minister John Key surprised some people last week when he said the debt repayment
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Rob Hosking
Wed, 25 May 2016
Wed, 25 May 2016
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Budget 2016: The debt picture softens
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