Back
16 May 2013
New Zealand unveils new budget
FXstreet.com (Barcelona) - New Zealand budget was just released, showing a deficit of $NZ6.3bn for the period 2012/13 and a projected one of $NZ 2bn the 2013/14. Finance Minister Bill English will attend the press at 4.30GMT. The Kiwi is unchanged.
GDP growth is expected at 2.3% in 2013/14 followed by a 0.5% increase to 2.8% in 2014/15. The NZD forecast is to stay at hefty levels during the next few years; not major weakness seen until 2017. Net debt is projected to rise to 28.7% of GDP in 2014/15.
GDP growth is expected at 2.3% in 2013/14 followed by a 0.5% increase to 2.8% in 2014/15. The NZD forecast is to stay at hefty levels during the next few years; not major weakness seen until 2017. Net debt is projected to rise to 28.7% of GDP in 2014/15.