The government budget also containts higher forecasts for economic growth ahead, but not for this year:
2017-18 annual GDP growth forecast
- 2.6% from 3.3% prior expected
2018-19 annual GDP growth forecast
- 3.8% from 3.4%
2019-20 annual GDP growth forecast
- 3.0% from 2.9%
On the surplus:
- 2017-18 forecast NZD 3.14bn from 2.54bn
- 2018-19 forecast to 3.74b from 2.83b
- 2019-20 forecast to 5.42b from 4.98b
- 2020-21 forecast to 5.72b from 6.50b
- Cuts 2021-22 forecast to 7.31b from 8.79b
the budget also contains forecasts for bond issuance, 8bn MZD for the next 3 years compared to 7bn previous forecasts.
NZD has popped a few points, above 0.6920 now
