New Zealand recorded a Government Budget deficit equal to 7.50 percent of the country's Gross Domestic Product in the fiscal year 2019/2020. source: New Zealand Treasury
Government Budget in New Zealand averaged -0.53 percent of GDP from 1972 until 2019, reaching an all time high of 4.50 percent of GDP in 2005 and a record low of -8.90 percent of GDP in 2011. This page provides - New Zealand Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Government Budget - values, historical data and charts - was last updated on June of 2021.
Government Budget in New Zealand is expected to reach -8.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Government Budget is projected to trend around -9.00 percent of GDP in 2021 and -8.30 percent of GDP in 2022, according to our econometric models.