Budget 2018 – Fiscal restraint and state housing – ideological craziness exposed
The government has decided to increase the building of state housing from their extremely modest target of 1000 a year to the still very modest target of 1600 a year over the next four years.
Housing NZ is not being given any extra money to do this.
They will have to borrow on private financial markets at higher rates than the government can borrow money for.
The cost to the government will be more as a result.