NZ government to spend more as economy accelerates; English names Joyce as replacement

Thu, 08 Dec 2016

By Jonathan Underhill Dec. 8 (BusinessDesk) - The New Zealand government has earmarked an extra $2.1 billion for capital spending in its election-year budget as it benefits from a stronger forecast track of economic growth in the next few years that will swell its tax take. The Half Year Economic and Fiscal Update lifts the Treasury’s economic growth forecasts for the next three years, with real gross domestic product now expected to grow 3.6 percent on an annual average basis in the June 2017 year, up from the 2.9 percent pace it project...

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