24 May 2019

Govt to introduce debt target range

From Morning Report, 7:26 am on 24 May 2019

The government may be able to spend more money if it's re-elected, as the Finance Minister Grant Robertson says the government intends to introduce a debt target range of 15 to 25 percent after 2021.

Currently the government has a debt target of 20 percent of gross domestic product.

Introducing a debt target range would potentially give it $15 billion more to borrow.

National's finance spokesperson Amy Adams says the Finance Minister is waving the white flag, and abandoning a significant fiscal promise that he and the Prime Minister has made.

Mr Robertson joins Corin Dann in studio with his response.