NZ FINMIN WILLIS: GOVERNMENT DEFICIT EXPECTED TO BE LARGER NEXT YEAR THAN IT IS THIS YEAR
New Zealand's (NZ) Finance Minister Nicola Willis said in a speech on Thursday that The (government's) deficit is expected to be larger next year than it is this year, before starting to improve."
Additional quotes
Treasury estimates structural operating deficit of around 1.5% of GDP in current financial year.
Expect an uplift in capital funding in the budget.
The NZ governemnt is set to release the release its budget and fiscal forecasts on May 30.
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