S&P rates NZ ahead of Tuesday's economic and fiscal update

Treasury secretary Caralee McLiesh will open the govt's books on Tuesday. (Image BusinessDesk

Mon, 11 Sep 2023

With just over a month to go before the election, rating agency S&P Global has given a favourable report card on the state of play with the New Zealand economy.The agency said it expects NZ’s fiscal deficit to narrow over the next three years as covid-19-related temporary spending measures come to an end.“Net general government debt will stabilise at a level that is modest compared with that of most highly rated sovereign peers,” S&P said in its latest assessment.The Treasury’s state-of-the-nation, pre-election e...

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