New Zealand budget day - preview

The New Zealand budget will be announced at 0200GMT

I've a few brief previews to go up for those interested. This from ANZ to kick them off:

• The Budget will print some rosy fiscal numbers with rising surpluses and declining debt.
• Solid growth is a key driver.
• The Government is in the enviable position of being able offer tax (bracket) cuts, lift infrastructure spending, pay down debt and throw the normal Budget lollies around.
• However, the spirit will be "steady as she goes".
• The bond tender program is expected to be broadly unchanged.
• We expect a slightly more expansionary fiscal stance than was presented in the Half-year Update but not enough to influence the stance of monetary policy.

(bolding mine)