However, Finance Minister Bill English is determined not to let the Government’s rising debt burden future workers, and strongly believes in our Government’s ability to turn the situation around with “a combination of effective management of Government spending and higher than expected growth rates”. Mr. English is determined on seeing this through.

With all of this talk about Government debt going on you’d be silly not to think about your own personal debt. How are your financial management

skills? Effective personal budgeting and changing your spending habits (i.e. living only with the use of a charge card

which must be paid monthly, rather than a credit card – which you just pay the minimum and are constantly accruing high interest). Individual money management is the key to ensuring even in tough times, your standard of living can remain as good as ever.