The Government faces a $12.6 billion debt hole over the next five years as ballooning cash deficits grow faster than the Crown's borrowing programme.
It faces a cumulative $44.4 billion cash deficit over the next five years, according to The Treasury's half-year economic fiscal update.
It will also raise $31.8 billion through its bond programme over the next five years.
Debate on this issue is now closed. Here is a selection of Your Views:
- your views
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Dianne says"John Key has faced up to responsibilty with grace, and I myself have been very proud of him and his ministers."
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Time will tell says"What we are experiencing is just the tip of the iceberg. Wait until next year when the full extent of John Key's incompetence as a PM becomes apparent."
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