NZ FinMin: 2018 budget will deliver a surplus

Joshua Gibson FXStreet

New Zealand's Finance Minister Robertson has announced that New Zealand's government budget for 2018 will be delivering a surplus for fiscal year 2018.

Key highlights

The government has reprioritized $700 million in funding over four years.

$1.4 billion in funding has been freed up when combined with efforts to crack down on speculators and tax dodgers.

New Zealand stresses they are dedicated to budgetary responsibility.

Wants to see Crown debt reduced to 20% of GDP within five years.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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