The one-year delay forecast in the New Zealand government’s return to surplus doesn’t have any implications for its Aaa credit rating, with everything else going in the right direction, according to Moody’s Investors Service Yesterday’s half-year economic and fiscal update pushed out the Treasury’s expectation for a return to surplus, projecting the Crown’s operating balance before gains and losses to be …
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NZ must fund higher healthcare, pension costs while avoiding debt blowout, Treasury says
New Zealand needs to consider how it is going to fund rising healthcare and pension costs in the future while avoiding a blowout in government debt, the Treasury says in its latest statement on the nation’s long-term fiscal position. On the nation’s current track, revenue will fail to meet expenses by the mid-2020s, the Treasury says in its third such …
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