New Zealand sees 2025/26 operating balance before gains and losses at NZD -15.06bln (HYEFU -16.93B)
- Sees 2026/27 operating balance before gains and losses at NZD -14.09bln (HYEFU -12.99B)
- Sees 2025/26 cash balance at NZD -9.31bln (HYEFU -14.80B)
- Sees 2026/27 GDP growth 2.3% (HYEFU 3.4%)
- Sees Net Debt/GDP 42.4% (HYEFU 43.3%)
- New Zealand Finance Minister Willis says will introduce prudential levy on banks, non-bank deposit takers, insurers and other financial market participants, while new prudential levy to recover around NZD 209mln over the next four years.
- NZ DMO plans to issue NZD 34bln worth of bonds in 2026/27, matches December forecast, while it plans gross bond issuance for four years to June 30 2030 at NZD 124bln (prev. NZZ 130bln forecast in December)
- Treasury sees inflation peaking at 4.0% in Q2 2026, while New Zealand expects returning to operating balance before gains, losses surplus in 2029/2030.
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