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Budget 2021 The budget in charts

BUDGET 2021: Economic outlook rosier once again

Andy Fyers
Thu, 20 May 2021

Andy Fyers
Thu, 20 May 2021
Another set of budget forecasts, another improved outlook for the New Zealand economy.The latest round of GDP forecasts issued by Treasury in the budget sees the economy growing 3.2% in the next 12 months, with the rate of economic growth forecast to increase through 2023.The forecasts are based on the assumption that border restrictions will begin to ease from July – they were finalised before the announcement of a bubble with Australia in April.They further assume that covid alert level 1 will remain in place throughout 2021 and there w...

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