The administration projects a return to an operating surplus in the 2028/29 budget. Other fiscal expectations for 2026/27 include GDP growth of 2.3%, matching previous budget forecasts, and an unemployment rate of 5.2%.
Tuesday, October 20, 2026
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New Zealand Projects Return to Budget Surplus by 2029
Global Markets22 days ago
The New Zealand government forecasts a 2026/27 operating balance deficit of NZ$8.7B before gains and losses, a narrower gap than the NZ$14.09B previously budgeted. Net debt for the same period is projected at 43.7% of GDP, down from the budgeted 45.6%. The forecasted cash balance for 2026/27 is a deficit of NZ$21.99B, an improvement over the NZ$24.22B budgeted deficit.
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