New Zealand's budget review – Moody’s

Dhwani Mehta FXStreet

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.

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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