The real reason our government won't borrow to fix our infrastructure issues
When the Facts Change - A podcast by The Spinoff - Thursdays
Christopher Luxon has described Aotearoa’s government finances as fragile, but the most qualified folks in financial markets don’t see it that way. Bernard Hickey talks to S&P Global’s government ratings director Anthony Walker about just how fragile our government and local council finances actually are. According to Anthony, NZ’s AAA rating means international investors view NZ as a strong borrower with $120 billion worth of borrowing headroom to solve its infrastructure deficits. Yet the government still won’t borrow. Why not? Learn more about your ad choices. Visit megaphone.fm/adchoices
