Breaking: Robertson sets new debt rules

Finance Minister sets new fiscal rules for budget surpluses and net debt, including running regular surpluses of 0-2% of GDP on average; new net debt ceiling of 30% of GDP; new definition of net debt

TLDR: Finance Minister Grant Robertson has announced a new set of budget and debt rules for the Government to be applied from Budget 2022 on May 19.

Photo: Lynn Grieveson/TheKaka

The new rules will force Government to run Budget surpluses of 0-2% of GDP on average over time, and to have a new net debt ceiling at around 30% of GDP, although a new definiti…