[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.

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Yours sincerely,

 
                                                       
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-----Original Message-----
From: Adam Irish <[FOI #21810 email]>
Sent: Sunday, 12 February 2023 11:56 pm
To: Ministerial Services Inbox [TSY]
<[The Treasury request email]>
Subject: Official Information request - Interest Rate Increase Affect On
Government Debt

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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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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