Moody's: NZ budget projections are credit positive for government

The US ratings agency, Moody’s Investors Service, published their latest report on New Zealand’s budget forecasts this Friday, noting that the budget projections are positive for the NZ government.

Key Headlines:

Budget projections are credit positive for government

NZ budget projections are reasonable, but some risks

On Thursday, New Zealand released their forecasts for the country’s budget, with the government expecting to post a NZD668 million surplus in the year to June 2016, after a prior forecast of NZD401 million deficits in December. While forecasts is for NZD719 million surplus in the year to June 2017 (vs. prior forecast of a NZD356 million surplus.