Printed from https://fyi.org.nz/request/21810-interest-rate-increase-affect-on-government-debt on April 24, 2024 04:05

Interest Rate Increase Affect On Government Debt

Adam Irish made this Official Information request to The Treasury

The request was partially successful.

From: Adam Irish

Dear The Treasury,

I request under the Official Information Act what modelling has occurred to show the impact on Crown finances of the increase in the cost of borrowing due to higher interest rates. What is the new forecast for interest expenditure each year in terms of total interest cost of government borrowing (both core crown borrowing and wider government) for the next four years. What is the percentage increase of the new forecasts over the last published forecasts. What does this interest expenditure now represent, each year, in terms of a percentage of total crown expenditure for the next 4 years.

Yours faithfully,

Adam Irish

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From: Ministerial Services Inbox [TSY]
The Treasury

[IN-CONFIDENCE]

Dear Adam,

Thank you for your request under the Official Information Act 1982, which
was received on 12 February 2023. A response will be provided in
accordance with the Act. We will endeavour to provide you with the
response as soon as possible.

The Treasury may publish the response to your Official Information Act
(OIA) request.

When you are provided with a response to this request, you will be
informed about whether the response to your OIA request will be published.
If the Treasury does publish the response to your OIA request, personal
information, including your name and contact details, will be removed.
This publication process does not apply to extension letters or transfers.

Yours sincerely,

 
                                                       
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From: Ministerial Services Inbox [TSY]
The Treasury

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Kia ora Adam,

 

Please find attached The Treasury’s response to your Official Information
Act request. Please note that this response has been signed out via an
electronic process, rather than a physical signature.

 

Yours sincerely,

 

 

 

I Ministerial Advisory Service | Te Tai Ôhanga – The Treasury

Email: [1][email address]

Visit us online at [2]https://treasury.govt.nz/ and follow us on
[3]Twitter, [4]LinkedIn and [5]Instagram

[IN-CONFIDENCE]

                                                       

CONFIDENTIALITY NOTICE

 

The information in this email is confidential to the Treasury, intended
only for the addressee(s), and may also be legally privileged. If you are
not an intended addressee:

a. please immediately delete this email and notify the Treasury by return
email or telephone (64 4 472 2733);

b. any use, dissemination or copying of this email is strictly prohibited
and may be unlawful.

 

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From: Adam Irish

Dear Ministerial Services Inbox [TSY],

They should make the key information on national debt and interest payments on the debt more clearly available on the Treasury website. Rather than using obfuscation in the half yearly and annual reports.

Yours sincerely,

Adam Irish

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