Rating agency Fitch said on Wednesday that New Zealand’s fiscal prudent management will mitigate risks associated with a potential rise in public spending over the next few years.
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New Zealand’s election gives Labour stronger control over policy.
The resurgence of coronavirus in New Zealand could stall economic recovery and add further pressure to public finances.
Election outcome reinforces the expectation that fiscal policy will evolve in line with PREFU.
The prime minister of New Zealand, Jacinda Ardern, won elections last Saturday, delivering the biggest victory for the center-left Labour Party in half a century, according to The Telegraph online.
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