New Zealand's government on Wednesday forecast a smaller budget deficit at its half-yearly economic update and described Prime Minister Christopher Luxon's new centre-right administration's plans ...

The government recorded a budget deficit of NZ$12.85 billion ($7.79 billion) for the fiscal year ending June 30, 2024, larger than a deficit of NZ$11.07 billion at the government’s budget in May.

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.

New Zealand’s new center-right government delivered on its election promise to cut taxes in its first budget even as the Treasury Department forecast bigger deficits and a delayed return to surplus.

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) in ...

New Zealand on Tuesday forecast a budget deficit of NZ$17.31 billion (S$13.5 billion) for the fiscal year ending June 30, 2025, wider than a deficit of NZ$13.37 billion forecast at its budget in May.

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 reported a larger-than-expected budget deficit for the 2023-24 year as lower growth hurt government revenue, the government’s accounts released Thursday showed.

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$12.9 billion (S$10.2 billion) in the ...

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.