New Zealand recorded a Government Budget deficit equal to 2.10 percent of the country's Gross Domestic Product in 2025. Government Budget in New Zealand averaged -0.81 percent of GDP from 1972 until 2025, 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. source: New Zealand Treasury

Government Budget in New Zealand is expected to reach -2.80 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Government Budget is projected to trend around -2.20 percent of GDP in 2027 and -2.30 percent of GDP in 2028, according to our econometric models.



Related Last Previous Unit Reference
Fiscal Expenditure 183502.00 180061.00 NZD Million Dec 2025
Budget Day 2022 -2.10 -2.10 percent of GDP Dec 2025
Government Budget Value -9306.00 -12854.00 NZD Million Dec 2025
Government Debt 182171.00 175464.00 NZD Million Dec 2025
Government Debt to GDP 41.80 45.20 percent of GDP Dec 2025
Government Revenues 169811.00 167347.00 NZD Million Dec 2025


New Zealand Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-2.10 -2.10 4.50 -8.90 1972 - 2025 percent of GDP Yearly