New Zealand narrows budget deficit forecast, eases near-term bond issuance plans ...Middle East

On Thursday, the government forecast a budget deficit of NZ$14.74 billion for the fiscal year ending June 30, 2025, a notable improvement from the NZ$17.32 billion shortfall projected in its December half-year update. The narrowing reflects improved revenue expectations and a slightly firmer economic backdrop.

The New Zealand Debt Management Office (NZDMO) also trimmed its near-term bond issuance plans. For the 2025/26 fiscal year, gross bond issuance is expected to total NZ$38 billion, down from NZ$40 billion projected in the December update.

Despite the moderated borrowing profile in the near term, officials signaled a continued commitment to fiscal discipline and longer-term debt sustainability.

This article was written by Eamonn Sheridan at www.forexlive.com.

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