Budget will show govt on track for surplus in 2015, says English

Thu, 11 Apr 2013

April 11 (BusinessDesk) - The government is still forecasting it will get its books back into surplus in the year to June 30, 2015, and will confirm the track to that outcome in the May 16 Budget, Finance Minister Bill English said today. In a traditional pre-Budget speech to the Wellington Employers Chamber of Commerce, English said it would still be a challenge to get net government debt down to 20 percent of gross domestic product by 2020, since it was still forecast to be at 30 percent in 2017. That meant that the current stance of fiscal...

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