Treasury: Effects of recession could last 15 years

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Wed, 25 Feb 2009 12:00a.m.

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Treasury officials believe the current recession could affect us for 15 years. Finance minister Bill English has called for Government department heads to cut spending, and has joined John Key in hinting that the New Zealand superannuation fund may be tampered with to find extra dollars.
Treasury officials believe the current recession could affect us for 15 years. Finance minister Bill English has called for Government department heads to cut spending, and has joined John Key in hinting that the New Zealand superannuation fund may be tampered with to find extra dollars.

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Comments

26 Feb 2009 01:01p.m.

Chopper wrote:

You said it right Rachel. Labour had no idea how to manage a budget and just borrowed and borrowd, and spent in the wrong area's.

26 Feb 2009 09:08a.m.

Rachel wrote:

Any average person wouldn't borrow money to lose it. It makes sense to not borrow to save when it is actually not saving but losing money.
Poor National picking up the pieces from Labours big spending and borrowing.

Asw we all know, debt has to be paid back sooner or later. The party won't last forever. Time to tighten our belts.

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