SYDNEY—The New Zealand government warned Thursday further near-term budget deterioration with the country’s nascent economic recovery at risk from a slowdown in world growth and the potential ...

WELLINGTON (Reuters) - The New Zealand government reported a larger-than-expected budget deficit for the 2023-24 year as lower growth hurt government revenue, the government’s accounts released ...

New Zealand’s annual budget deficit widened more than forecast as high inflation increased the cost of government services and welfare support. The deficit was NZ$12.85 billion ($8 billion ...

Ratings agency S&P said in a statement following the budget that New Zealand's elevated fiscal and current account deficits "are weaknesses that could weigh on the credit rating." New Zealand two ...

Wellington: New Zealand’s government is facing deeper budget deficits and a delayed return to surplus as a prolonged economic downturn and poor productivity hit tax revenue. The operating ...

Net debt is forecast to peak at 43.5 percent of GDP in 2025 and is forecast to remain above the government's 40 percent ceiling for the following three years.

Despite this uncertainty, governments have to assume paths for revenue and expenditure to make meaningful plans.

New Zealand’s government is introducing a new ... The Treasury Department today forecast wider budget deficits than previously projected in the December fiscal update, though it continues ...

The fiscal update forecasts the budget deficit will widen to around 12.1 billion New Zealand dollars, equivalent to US$7.2 billion, in fiscal 2026, up from a deficit of NZ$10.1 billion in fiscal 2025.