NZ: A 'patient' Budget - Westpac

Analysts at Westpac explain that there were no surprises in today’s NZ Budget as the tax take delivered a small windfall which was promptly gobbled up by increased health spending, leaving relatively little for other spending initiatives.

Key Quotes

“A higher tax take was matched by increased spending, meaning similar forecast surpluses over the five years compared to the Treasury’s last forecast.”

“Treasury’s growth projections were softer in the near-term, but remain too optimistic in our view.”

“The Government retained its focus on fiscal responsibility. We support that, given the demands that the aging population will put on spending in the future.”

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.