The New Zealand government on Thursday said that the country can attain a budget surplus in 2015 as planned, while reaffirming its goal of capping and reducing public debt.
Presenting the Budget 2013, Finance Minister Bill English said that the government is forecast to attain an operating surplus before gains and losses of NZ$75 million in 2014-15, an improvement from a deficit of NZ$18.4 billion in 2010-11.
Net core crown debt is forecast to peak at 28.7 percent of GDP in 2014-15, and decline thereafter, he said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.