- 26.7% of GDP vs 27.0% forecast
- net operating deficit to Feb 28 NZ$ 269mln, 56% vs forecast
So says the latest NZ treasury release just out on Rtrs
Smaller deficit than expected in the eight months to end-Feb, reversing the previous month's surplus
- core tax revenue higher than forecast
- govt expenses lower than forecast
Fin min Bill English has stated several times since the half-year review in December that he is confident of achieving a surplus despite the tax hike being hurt by a slump in dairy prices and low inflation
NZDUSD unfazed at 0.7567
