pre-election economic and fiscal update
Robertson said New Zealand's balance sheet remains robust and that net debt will peak at the above level. He explained that the coronavirus pandemic is a "one-in-100-year" shock to the global economy where all governments are grappling with finding ways to financially support their people and businesses.
"But like all governments, I have to balance that with making sure we continue to invest in our public services and health and education, which is what we need particularly in a time like this. And supporting people through the uncertainties," Robertson added, saying that the country will be able to absorb further shocks to the economy.
Yes it will
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