Jenee Tibshraeny: NZ Herald Wellington business editor on ANZ economists predicting taxpayers will have to cover interest on Government debt
ANZ economists are warning that taxpayers may have to cover the extra interest accumulated on Government debt.
If the Treasury has to issue more bonds than the market wants, the price of the bonds will fall, and their yields will rise- which will cost taxpayers.
NZ Herald Wellington business editor Jenee Tibshraeny says the Government is bringing in less tax revenue that expected as the economy slows- and Treasury will have to factor that in.
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