Morning chorus: Debt lid strikes again
Road projects announced last year may be delayed because of limited budget for capital works within the 'keeping a lid on debt' track anchoring Budget 2021's strategy
TLDR: Transport Minister Michael Wood has effectively put $6.8b worth of road projects on hold because of a lack of headroom in the Government’s capital spending plans, due again to Finance Minister Grant Robertson’s determination to ‘keep a lid on debt’.
That’s despite Aotearoa-NZ’s government net debt being just 32.6%, which is less than a third of ot…
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