New Zealand Government Budget
New Zealand recorded a Government Budget deficit equal to 2.10 percent of the country's Gross Domestic Product in the fiscal year 2012/2013. Government Budget in New Zealand averaged -0.75 Percent of GDP from 1972 until 2013, reaching an all time high of 4.60 Percent of GDP in 2005 and a record low of -9.20 Percent of GDP in 2011. Government Budget in New Zealand is reported by the New Zealand Treasury.
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Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - New Zealand Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.