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Listen: 100 Years of ZB Podcast hosted by Mike Hosking

PM dismisses claims that National has a reputational problem over handling debt

Author
Newstalk ZB,
Publish Date
Mon, 10 Aug 2026, 8:26am
Photo / Sylvie Whinray
Photo / Sylvie Whinray

National's brushing off concerns it has a reputational problem over debt - as it lays out new fiscal responsibility rules.

The party's promising a surplus by 2028/29 and Government spending below 30% of GDP - while ruling out new taxes on working people and small businesses.

Leader Chris Luxon told Mike Hosking that there's a choice between austerity and stimulation, but he believes it's years of government stimulus that has the country in its current mess.

He says they've plotted a third way, prioritising discipline around spending.

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