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  • Treasury warns on spiralling debt

    Communication, Communication Design

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    Source:

    A return to pre-recession spending increases by the Government would cause debt to spiral to twice the size of the entire New Zealand economy in 50 years, Treasury warns.

    According to a new Treasury publication, if the Government returned to its historical spending increases after reaching surplus in 2014/15, debt as a proportion of gross domestic product (GDP) would increase from 27.4 per cent in 2020, to 198.3 per cent in 2060.

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