Dr Oliver Hartwich: Treasury warning never grows old – unlike boomers

Last week, Treasury released yet another warning about New Zealand’s fiscal future. It was the same message they have been delivering for twenty years: population ageing will create spending pressures that the current tax base cannot support.

According to Treasury’s Long-term Fiscal Statement, New Zealand is on track to reach a net debt of 200 percent of GDP by 2065. Unless there are any significant policy changes, that is.