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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