Latest / The Kākā by Bernard Hickey
Govt says borrowing to build now last resort
Mōrena. Chris Bishop unveiled his major infrastructure funding and financing plan yesterday that made clear borrowing with public debt to build infrastructure would be a last resort, with private funds and user pays the main tools to both limit the amount built and pay for it.
In my view, that’s unsustainable and unnecessary, given our $100 billion-plus infrastructure deficit, still-rapid population growth and huge structural, local and global demand for New Zealand Government bonds, rather than the debt crisis portrayed by the Government, which I talk about this more in the podcast above…
The skinny
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