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28 Apr 2024 12:42
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      Home > News > Business

    Local councils are being challenged to back up rising debt with infrastructure revenue

    Local councils are being challenged to back up rising debt with infrastructure revenue

    28 March 2024
    The Infrastructure Commission's found councils previously used debt to pay for new infrastructure, by creating new revenue sources.

    It found debt to revenue ratios used to rise at similar rates, but no longer.

    Economics director Peter Nunns says the critical question is whether councils can service debt.

    He says if they don't have revenue streams to repay loans today, they'll have to cut investment budgets in the future.

    © 2024 Newstalk ZB, NZCity


     Other Business News
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     27 Apr: A popular yoghurt pouch with kiwi kids is being recalled over fears the products may contain black plastic
     27 Apr: Pressure's on the Government to deliver for people come Budget day
     26 Apr: Public sector cuts could be to blame for poor economic outlook
     26 Apr: Activity in the housing market is holding its own against the rising cost of borrowing
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    More roadworks disruptions for Auckland's Point Chevalier community More...


     Today's News

    		 Politics:
    Intrigue over how Melissa Lee's portfolio axing, could impact the Fair Digital News Bargaining Bill 12:27

     Entertainment:
    The late Anne Heche's estate is unable to pay its debts 12:14

     Law and Order:
    How tabloid headlines, fake news and an Australian editor have become the story at Donald Trump's trial 12:07

     Motoring:
    Kiwi Indycar driver Scott McLaughlin will start on pole in tomorrow morning's Alabama Grand Prix 11:57

     Golf:
    Kiwi Danny Lee remains in the hunt heading into round three at the latest LIV golf event in Adelaide 11:57

     Entertainment:
    Christina Applegate had to wear diapers after she contracted a virus from a salad 11:44

     Entertainment:
    How Thailand lured the White Lotus producers away from Japan and plans to cash in on the show's popularity with tourists 11:37

     Rugby:
    Blues coach Vern Cotter is calling for a re-think of Super Rugby Pacific's marketing 11:27

     Entertainment:
    Kim Kardashian's infamous nipple bra was "moulded after" her own boobs 11:14

     Politics:
    Prime Minister Chris Luxon has pulled no punches in his first Cabinet reshuffle during his tenure 11:07

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