New Zealand recorded a Government Budget deficit equal to 3.10 percent of the country's Gross Domestic Product in 2024. Government Budget in New Zealand averaged -0.80 percent of GDP from 1972 until 2024, 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 -1.80 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Government Budget is projected to trend around -0.50 percent of GDP in 2026 and 0.50 percent of GDP in 2027, according to our econometric models.