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Hi Bernard thanks very much for this summary.. I note that Luke Malpass in his article via Stuff thepost.co.nz/a/politic… states "By 2024, debt servicing costs will gobble up $9b on the annual Budget and rising to $11b" - is that the case? I looked at your summary but couldn't see figures on debt servicing costs. Apologies if I've missed the debt servicing cost figures.
Hi Bernard thanks very much for this summary.. I note that Luke Malpass in his article via Stuff https://www.thepost.co.nz/a/politics/350071555/prefu-election-and-new-zealands-troubled-waters-ahead?utm_id=mh_stuff states "By 2024, debt servicing costs will gobble up $9b on the annual Budget and rising to $11b" - is that the case? I looked at your summary but couldn't see figures on debt servicing costs. Apologies if I've missed the debt servicing cost figures.
And what parties are these debt servicing costs owed to - is it the government paying debt servicing costs to the Reserve Bank i.e. to itself, or is it debt servicing costs to the private sector? Do debt servicing costs include capital charges on government departments? The numbers themselves do not look like a large portion of the total public spend.