The US-based rating agency, Moody’s Investors Service is out with its review of New Zealand’s annual budget released earlier this month, with the key headlines found below.
New Zealand’s budget highlights the new government’s commitment to maintaining fiscal surpluses and reducing debt.
Supporting Moody’s assessment of the country’s very high fiscal strength.
Strength in New Zealand’s strong public finances provides greater fiscal flexibility to counter shocks than is the case for some other high-income and highly rated sovereigns.
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