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National Debt - YIKES!

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over 17 years ago · edited over 13 years ago
National Debt - YIKES!
Profile pic. Should you be interested. Lakhsen, on the right, lost touch with him.
Mohammed, on the left, I'm still in touch with. He's now living in Agadez, Niger. More focused on his animals now as tourism has dried up. Is active with a co-op promoting local goods, leather work and bijouterie, into Europe. 
20/5/20

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over 17 years ago · edited over 13 years ago
At 86% of GDP, New Zealand�s national debt is the highest among all developed nations � except Iceland. And Iceland�s banking system has collapsed.

Profile pic. Should you be interested. Lakhsen, on the right, lost touch with him.
Mohammed, on the left, I'm still in touch with. He's now living in Agadez, Niger. More focused on his animals now as tourism has dried up. Is active with a co-op promoting local goods, leather work and bijouterie, into Europe. 
20/5/20

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over 17 years ago · edited over 13 years ago
does student debt count in that figure?

Salmon swim upstream

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over 17 years ago · edited over 13 years ago
..don't know. Will check. Don't think it does though...
Profile pic. Should you be interested. Lakhsen, on the right, lost touch with him.
Mohammed, on the left, I'm still in touch with. He's now living in Agadez, Niger. More focused on his animals now as tourism has dried up. Is active with a co-op promoting local goods, leather work and bijouterie, into Europe. 
20/5/20

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over 17 years ago · edited over 13 years ago
Bill English, on the radio a moment, said that the figure was 20%.
Profile pic. Should you be interested. Lakhsen, on the right, lost touch with him.
Mohammed, on the left, I'm still in touch with. He's now living in Agadez, Niger. More focused on his animals now as tourism has dried up. Is active with a co-op promoting local goods, leather work and bijouterie, into Europe. 
20/5/20

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over 17 years ago · edited over 13 years ago
English lemon inherited, there is a sentence there somewhere

www.kiwifromthecouch.blogspot.com

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over 17 years ago · edited over 13 years ago
Bill English on the radio, a moment ago, said that the figure, NZ's national debt, was 20%.

<any better?>
dairyflat2008-12-18 17:56:49
Profile pic. Should you be interested. Lakhsen, on the right, lost touch with him.
Mohammed, on the left, I'm still in touch with. He's now living in Agadez, Niger. More focused on his animals now as tourism has dried up. Is active with a co-op promoting local goods, leather work and bijouterie, into Europe. 
20/5/20

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about 17 years ago · edited over 13 years ago
You need to distinguish between Government debt and debts of NZers to foreign lenders.

Govt debt is low, about 20% of GDP.  Its forecast to go up, but not that much.  In 1987 it was 75% and most OECD countries are still around this level.

NZ national debt is however large, 86% sounds plausible.  Much of this is owed by the banks (who are foreign owned, but it still counts as NZ debt) who have borrowed abroad to fund lending to NZers.  So, in a round about sort of way, part of your mortgage is foreign debt.

P.
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