New Zealand's net debt fell steadily since the 1990s until the 2008 financial crisis

Debt as a % of GDP

80%

Projection

60

40

20

0

1985

1995

2005

2015

2025

80%

Projection

60

40

20

0

1985

1995

2005

2015

2025

80%

Projection

60

40

20

0

1985

1995

2005

2015

2025

80%

Projection

60

40

20

0

1985

1995

2005

2015

2025