Governor Adrian Orr stepped down in March due to unresolved tensions with the Treasury over deep budget cuts, official ...

SANTA CRUZ, Calif. — The Santa Cruz Wharf, jutting half a mile into the Monterey Bay, offers a cheerful stroll past souvenir ...

New Zealand on Thursday set new spending for the current fiscal year at its lowest in a decade, keeping a tight rein on its fiscal purse even as it warned of softer GDP growth and a "trade shock" to ...

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.

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 for ongoing ...

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 ...

Dennis Wesselbaum does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations ...

Most government agencies would not get any increase in funding in Budget 2025, and some previously committed ... “We are conscious that it can't keep slipping. New Zealand has been in deficit since ...

There's less than a month to go until the 2025 Budget is unveiled - and ... Nicola Willis says New Zealand has been in a significant deficit since 2019, and she's determined to get back into ...

The New Zealand economy faltered in 2024 amid tight financial conditions, as inflation successfully returned to target and the current account deficit narrowed ... the government’s policy statement ...