#Latest news with #fiscalupdateWall Street Journal22-05-2025BusinessWall Street JournalNew Zealand Budget Deficit Set to Worsen Amid Global Growth FearsSYDNEY—The New Zealand government warned Thursday further near-term budget deterioration with the country's nascent economic recovery at risk from a slowdown in world growth and the potential for ongoing volatility in financial markets. The fiscal update forecasts the budget deficit will widen to around 12.1 billion New Zealand dollars, equivalent to US$7.2 billion, in fiscal 2026, up from a deficit of NZ$10.1 billion in fiscal 2025.
Wall Street Journal22-05-2025BusinessWall Street JournalNew Zealand Budget Deficit Set to Worsen Amid Global Growth FearsSYDNEY—The New Zealand government warned Thursday further near-term budget deterioration with the country's nascent economic recovery at risk from a slowdown in world growth and the potential for ongoing volatility in financial markets. The fiscal update forecasts the budget deficit will widen to around 12.1 billion New Zealand dollars, equivalent to US$7.2 billion, in fiscal 2026, up from a deficit of NZ$10.1 billion in fiscal 2025.
22-05-2025
