Home NZ Budget: Sees 2021 GDP at +2.9% vs. HYEFU +1.5%
FXStreet News

NZ Budget: Sees 2021 GDP at +2.9% vs. HYEFU +1.5%

Nz sees 2021 operating surplus before gains, losses nz$-15.127 bln (hyefu nz$-21.576 bln)

Nz sees 2022 obegal surplus/deficit nz$-18.409 bln (hyefu nz$-16.449 bln)

Nz sees 2023 obegal surplus/deficit nz$-9.486 bln (hyefu nz$-10.258 bln)

Nz sees 2021 net debt 34.0 pct of gdp (hyefu 39.7 pct)

Nz 2021 cash balance nz$-25.277 bln (hyefu -40.177 bln)

Nz 2022 cash balance nz$-39.232 billion

Nz sees 2021 gdp +2.9 pct (hyefu +1.5 pct)

Nz net debt seen peaking at 48% of gdp in 2023; reduces to 43.6% of gdp in 2025

Nz unemployment rate seen at 5.2% in 2021; to fall back to 4.2% by 2024

Nz finance minister robertson says long-term effects of pandemic not as severe as previously thought

Weekly benefit rates lifted by between nz$32 and nz$55 per adult

 

more to come …

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.