Information complied 2016
If we now compare this more realistic Economic 'state of affairs' with that of the misleading GDP figure that our Governments like to use, the ratio of Debt to GDP as of 2016 is a staggering ratio of 216%. Far from the Governments claim of 38.4% where they manipulated the truth deceiving the true depths of New Zealand's 'Borrowings' to external parties. This total Liability Debt equates to a Debt that every man, woman and child in New Zealand services by the way of Consumption, Taxes and Rates to the tune of 111,000 NZ Dollars. This is the Debt that every individual New Zealander is now responsible for on top of any of their personal indebtedness. In an average household with a family of 2.5 children and their parents, their combined National Debt contribution equates to 499,500 NZ Dollars. Remember, this is in addition to any personal Debts they may have.
New Zealand has a population of only 4.5 million people (as of 2016) and we have a combined Debt to external parties that at best, we are 'servicing' Interest Only Payments as these Debts grow day by day. Indeed our present Government is borrowing an additional 37 million NZ Dollars 'everyday' (as of 2016) adding to the Debt of Half a Trillion NZ Dollars.
The main motive for this deception and manipulation is evident on the Governments own website "generally, Government Debt as a percentage of GDP is used by Investors to measure a Countries ability to make future payment on its Debt, thus affecting the Countries 'Borrowing' costs and Government Bond yields".
GDP is a bogus and fictitious accounting tool that does not indicate or represent productive or Real Economic output and does not represent the true state of an Economy in an un-manipulated or truthful way. GDP is the sum total of all Economic Monetary movements and has no relationship to correct and accurate accountancy. All types of Expenditures and Incomes are added together and represent a bogus formula indicating nothing but deception and when it is a ratio measured against a fraction of the true indebtedness of our Nation, the revealed percentage of this calculation is meaningless at best and fraudulent by its misrepresentation and deception.
The above Government Manipulated Statistics (as of 2016) were taken directly from the following sources. Today in 2020 these same figures have escalated since the increased borrowing from the Christchurch earthquakes and now with the Coronavirus Pandemic scam and other major infrastructure improvement Borrowings.
National Debt Clocks Organisations' website state "New Zealand is the worst Country they have encountered to get clear 'up to date' information".
Te Wana | Tawa | Te Awa | Adventure with joy, with all its multiple meanings