New Zealand's Labour-led government has unveiled a budget that includes NZ$3.8 billion of new capital investments.
Key points (Source: Reuters)
GDP growth to a peak of 3.8 percent in 2019, underpinned by the increased government expenditure.
Operating surplus is expected to rise to NZ$3.14 billion for the year ending June, up from NZ$2.54 billion previously forecasted.
The surplus is forecast to rise to NZ$7. 32 billion at the end of the budget estimates period in 2021-22.
The debt-to-GDP ratio is seen falling to 19.1 percent by 2022.
NZ's Debt Management Office (DMO) will increase bond issuance by NZ$1 billion a year for the three years ending 2021, taking the total bond issuance to NZ$8 billion a year.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.