Politics

Budget 2020's $50 billion spend - how will we pay for it?

17:14 pm on 15 May 2020

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The day after the government debuted its Big Spend Budget - with a $50 billion war-chest at its centre - the focus is now shifting to how New Zealand will pay for it.

Debt is set to skyrocket over coming years as the government grapples with Covid-19 - and the Opposition says, with Labour in charge, that means higher taxes.

RNZ deputy political editor Craig McCulloch reports.