Public debt
Sir, — In “The Press,” of October 21, is an answer given by Mr Muldoon on New Zealand’s public debt, overseas and internal, which amounts to , the staggering sum of $15.7 billion. How can our country continue to survive when this is the case. Further loans are procured continually to repay loans falling due, and also to keep this country afloat. How can this continue? If a business gets into debt it goes bankrupt and has to be closed. As householders we cannot run our homes in this way either, Or we would soon be in trouble, and have to sell up. So how can we survive when we have a Government which insists on trying to borrow its way to prosperity? — Yours, etc.,
A. J. McMURDO. October 23, 1982.
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Press, 27 October 1982, Page 14
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131Public debt Press, 27 October 1982, Page 14
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