1 May 2015
NZ FinMin: New Zealand faces bigger 2014/15 budget deficit
FXStreet (Bali) - New Zealand finance minister English spoke to the NZ Chamber of Commerce a little earlier, with headlines crossing the wires via Reuters, noting that New Zealand faces bigger 2014/15 budget deficit, smaller 2015/16 surplus due lower tax take.
Additional headlines
Low inflation hitting the NZ government's tax take, expected to be down NZ$4.5 bln over next four yrs
Treasury expects nominal GDP to 2019 to be about 1.5 pct below forecast on low inflation
Low inflation sustaining stronger growth and keeping rates lower for longer
To keep NZ$1 bln new spending allowance in each of next two years despite lower tax take
Additional headlines
Low inflation hitting the NZ government's tax take, expected to be down NZ$4.5 bln over next four yrs
Treasury expects nominal GDP to 2019 to be about 1.5 pct below forecast on low inflation
Low inflation sustaining stronger growth and keeping rates lower for longer
To keep NZ$1 bln new spending allowance in each of next two years despite lower tax take