INDEPENDENT NEWS

Official New Zealand Government Debt Clock Launched At Debtclock.nz

Published: Wed 14 Oct 2020 08:28 AM
The official ‘New Zealand Government Debt Clock’ has been launched this morning to track in real time the money politicians are borrowing on taxpayers’ behalf at www.debtclock.nz.
“Based on official Treasury figures, just the speed of the debt clock is terrifying,” says Jordan Williams, a spokesman at the Taxpayers Union. “Every day the Government is piling on another $128 million dollars. By 2024, every kiwi household will effectively have another $112,000 on top of their mortgage.”
“One day all this money will need to be paid back - with interest. That’s why we need to ‘stop the clock’ and force politicians to balance the government budget.”
The development of the debt clock has been funded thanks to the generous donations from members and supporters of the Taxpayers’ Union. Join or support the Taxpayers’ Union at www.taxpayers.org.nz
Taxpayers' Union
New Zealand's grassroots campaign for lower taxes and less government waste
The New Zealand Taxpayers' Union is an independent activist group, dedicated to being the voice for Kiwi taxpayers in the corridors of power. It's here to fight government waste and make sure New Zealanders get value for money from their tax dollar. New Zealanders are invited to join and donate at http://taxpayers.org.nz
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