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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.