New Zealand PM Ardern: Won't relax budget responsibility rules

Dhwani Mehta FXStreet

New Zealand (NZ) PM Ardern was reported by Reuters earlier today, commenting on the budget responsibility rules.

Key Points:

NZ budget responsibility rules commit the government to run surpluses across business cycle and to reduce net debt to 20% of GDP.

They won't be relaxed, are "a firm guide as to how we want to manage the economy".

"I want to work closely with, and be advised by, senior business leaders who take a helicopter view of our economy, who are long-term strategic thinkers who have the time and energy to lead key aspects of our economic agenda".

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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