New Zealand finance minister says mulling debt target range of 15-25pc of GDP

WELLINGTON: New Zealand's Finance Minister Grant Robertson said the government was planning to shift its debt target to a range, rather than its current hard target of 20 percent of GDP.

"Our fiscal intentions in this budget will signal a shift to a net debt percentage range, rather than a single figure," Robertson said in a speech at an investor conference.

He added that the government was considering adopting a 15pc to 25pc range from 2021-22, and its intentions would be included in the country's annual budget on May 30.