National Debt Crisis: Is NZ Broke? | Episode 487

Cheques and Balances · May 21, 2026 · 23m

New Zealand’s debt is exploding… but is it actually a problem?

With Budget 2026 around the corner, we break down New Zealand’s $182 billion debt position, whether the country should be worried about rising interest costs, how our debt compares globally, and why borrowing isn’t always a bad thing. James and Mike debate whether the Government is too focused on cutting costs instead of growing the economy, the risks around productivity and public sector cuts, and whether debt used for infrastructure, healthcare, and long-term growth could actually make New Zealand wealthier over time.

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