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Wednesday 10 September 2014
Total NZ Debt $105b. A SHOCKING story 2008-2014. John Pemberton.
The flip counter above shows the growing total debt of the New Zealand Government. The counter increases by $135 per second based on the New Zealand Government’s budgeted debt growth to year end 30 June 2014.
Total borrowings are the total borrowings (both sovereign-guaranteed and non-sovereign guaranteed) of the total Crown. This equates to the amount in the total Crown statement of financial position and represents the complete picture of whole of Crown debt obligations to external parties.
Total borrowings can be split into sovereign-guaranteed and non-sovereign-guaranteed debt. This split reflects the fact that borrowings by State-owned enterprises and Crown entities are not explicitly guaranteed by the Crown.
There's no date on John Pemberton's article, but I suspect he posted it some time in July-August. Thanks.
ReplyDeleteIs this plus the o/seas debt by non crown companies etc, and how much is that?
ReplyDelete