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Finance Minister Bill English - Source: ONE News -
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Finance Minister Bill English says New Zealand needs to "market itself to lenders" if it wants to raise $40 billion over the next three years.
He says while he thinks New Zealand won't be stood over by credit rating agencies, it could become more difficult to lend and New Zealand needs to be seen as a good credit risk
The Deputy Prime Minister also said on the political show Q+A that New Zealand has seen some "immoral capitalism" and more should have been done to stop it.
"The collapse of the finance companies I think shows that our regulators were not assertive enough," says English.
English also said he would not make any guarantees on 2010/11 tax cuts and Super Fund contributions before the budget.
"We haven't made a decision yet," says English.
English ruled out the government spending $50 million on the national cycleway, and says it is unlikely New Zealand will aggressively grow out of the recession.
