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New Zealand forecasts narrower budget deficit for 2025/26

BY Reuters | ECONOMIC | 10:00 PM EDT

By Lucy Craymer and Stella Qiu

WELLINGTON, May 28 (Reuters) - New Zealand on Thursday forecast a budget deficit of NZ$15.06 billion for the fiscal year ending June 30 2026, narrower than a deficit of NZ$16.93 billion projected in its half-year fiscal update in December.

Net debt excluding advances was forecast to peak at 46.1% of gross domestic product in 2027/28. In December, the government had expected it to peak at 46.9% of GDP in 2027/28 and 2028/29. (Reporting by Lucy Craymer)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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