New Zealand Finmin Robertson: New Zealand will remain among least-indebted of peer nations

New Zealand's Financial Minister, Grant Robertson has crossed the wires and said, " New Zealand will remain among least-indebted of peer nations."

Key comments

• Sees opportunity to break housing shortage.
• Net debt will rise well beyond previous targets.
• Expects budget deficits for an extended time.
• Budget economic outlook will be `sobering'.

More to come...