Maggie Barry: Why is it important to keep Government debt under control?
Hon BILL ENGLISH: You only need to watch TV any night of the week currently to see the impacts of excessive debt on some of our communities. The best reason to get on top of debt is to protect our most vulnerable, because our most vulnerable are most dependent on sustained support from the Government, and Governments with too much debt cannot sustain support for their most vulnerable.
Maggie Barry: Has the Minister seen any reports of alternative approaches to managing debt?
Hon BILL ENGLISH: I have heard reports that indicate that other political parties do not believe that it should be managed at all. In fact, they are proposing that the Government should not sell shares in some assets, because they would rather go to volatile international financial markets and borrow billions more, paying interest to overseas lenders rather than dividends to New Zealanders.