Balancing the books by Susan Grimsdell

Recently I’ve been thinking about Economics, a subject that I’ve never really understood.  What got me thinking about it was an announcement from the NZ government in August that we now have a very healthy surplus of $3.7 billion.  That sounds great.  Let’s go shopping! Surplus and debt However, I had a feeling that at the same time we have a huge national debt, so I looked on the web to find out.  Sure enough, I discovered that in 2008 New Zealand’s national debt was 16% of GDP.  Now in 2017 it’s… Read More