- New Zealand’s government reaches its budget surplus for the first time since 2008
Market news
14 October 2015
New Zealand’s government reaches its budget surplus for the first time since 2008
The New Zealand government reached its budget surplus in the fiscal year ending June 30. It was the first budget surplus since 2008. The budget surplus was driven by stronger-than-expected tax revenue.
Net debt was 25.2% of gross domestic product (GDP) in the fiscal year ending June 30, down from 25.6% from the last fiscal year.
Nominal GDP was NZ$240.6 billion in the fiscal year ending June 30, up 2.8% from the last fiscal year.
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