NZ: Government’s books are in a healthy position - ANZ

Analysts at ANZ note that the New Zealand government’s books are in a healthy position, and the Treasury’s Budget Economic and Fiscal Update forecasts should show this persisting.

Key Quotes

“We expect a slightly softer economic outlook to drive a small deterioration in the fiscals compared to December’s Half-Year Update.”

“Despite the softer economy there should be enough wiggle room for the Government to still meet its 20% debt objective.”