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New Zealand Finance Minister Nicola Willis presents the nation’s Budget on Thursday, with the key highlights noted below. NZ sees 2024/25 operating surplus before gains, losses NZ$-14.74 bln (HYEFU NZ$-17.32bln). NZ sees 2025/26 OBEGAL surplus/deficit NZ$-15.60 bln (HYEFU NZ$-14.10bln). NZ sees 2024/25 net debt 42.7% of GDP (HYEFU 45.1%). NZ 2024/25 cash balance NZ$-9.99 bln (HYEFU NZ$-16.61bln). NZ sees 2024/25 GDP -0.8% (HYEFU +0.5%). Govt does not forecast OBEGAL surplus in next five fiscal years. Trade tariffs to impact pace of economic recovery. NZ inflation forecast to remain within target band of 1% to 3% over next five years. NZ GDP forecast growing 2.9% in 2025/26, 3.0% in 2026/27. Market reaction The New Zealand Dollar (NZD) remains little impressed by the Budget Release, trading 0.25% lower on the day near 0.5925, as of writing. Source: https://www.fxstreet.com/news/new-zealand-boosts-bond-program-by-nz4-billion-over-four-years-202505220219

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Filed under: News - @ May 22, 2025 2:26 am