The New Zealand government warned Thursday further near-term budget deterioration with the country’s nascent economic recovery at risk from a slowdown in world growth and the potential for ongoing ...

The right-wing government aims to double military spending while cutting public healthcare, driving down wages, reducing ...

Ratings agency S&P said in a statement following the budget that New Zealand's elevated fiscal and current account deficits "are weaknesses that could weigh on the credit rating." New Zealand two ...

Net debt is forecast to peak at 43.5 percent of GDP in 2025 and is forecast to remain above the government's 40 percent ceiling for the following three years.

New Zealand’s government forecast a narrower budget deficit for the fiscal year ending June 30, 2025, as it focused on fiscal prudence even as the global tariff war is expected to dampen the ...

New Zealand is running a structural budget deficit. That means the government is spending more than it earns, even accounting for the fact that governments automatically spend more and tax less in ...

The fiscal update forecasts the budget deficit will widen to around 12.1 billion New Zealand dollars, equivalent to US$7.2 billion, in fiscal 2026, up from a deficit of NZ$10.1 billion in fiscal 2025.