Budget 2019: NZ surpluses narrow as spending ramps up

Thu, 30 May 2019

By Rebecca Howard May 30 (BusinessDesk) - New Zealand’s fiscal outlook remains in line with the government’s strategy, but forecasts included in Budget 2019 show smaller surpluses as spending ramps up. “We are maintaining sustainable surpluses over the period and keeping the debt at manageable levels,” said Finance Minister Grant Robertson when presenting the budget. “The Budget Economic and Fiscal Update released today shows the government’s books remain in good shape,” he said. Treasury is now forecasting a surplus in operatin...

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