Why is the Govt so afraid of borrowing?

The Kākā by Bernard Hickey · Mar 20, 2025 · 7m

Mōrena. Long stories shortest: Professional investors who are paid a lot of money to be careful about lending to the New Zealand Government think it is wonderful place to put their money. Yet the Government itself is so afraid of borrowing more that it is happy to kill its own popularity by starving our hospitals, schools and houses of the investment needed to become more productive and healthy.

Surely, the Government would be so certain of the dangers of borrowing more that it could point to evidence of reluctant bond investors or a blowout in bond yields? Yet there is nothing, week after…