Demo two Pips This Week:
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Finance Minister Grant Robertson's warning: Get ready for deficits for 'extended period'; debt at all-time high
Finance Minister Grant Robertson has revealed the Government will be running deficits for an "extended period" of time and its debt levels will reach an all-time high. He says some of the Government's major previously mooted Budget plans have been "put on ice" as it fights to pump life into the post-Covid economy. In his much-anticipated pre-Budget speech today, Robertson said this was "a necessary and responsible move" as the Government looks to "rebuild" the economy. Much of his speech was focused on the rebuild and what the country is going to look like after Covid-19. "If your house were to burn down, you ... (full story)