Because it is central to their ideology that there should be less government, less public expenditure and less tax in peoples’ lives. One of the measures economists use to determine how much debt a nation can comfortably carry is the debt-to-GDP ratio. (GDP being the value added created through the production of goods and services in a country) According to the Organisation for Economic Co-operation and Development our current debt-to-GDP ratio is 56%. NZ 56%Australia 70.8%UK 104%Canada 113.3%France 117%USA 144%Italy 148%Greece 193%Japan 254%(Source )The reality is that in the wake of a disastrous pandemic our debt-to-GDP ratio is lower than that of many other countries. Bryan Bruce is one of New Zealand’s most important and respected documentary makers.

Source: Stuff May 01, 2024 04:48 UTC