New Zealand Government Budget

New Zealand recorded a Government Budget deficit equal to 2.10 percent of the countrys Gross Domestic Product in the fiscal year 2012/2013. Government Budget in New Zealand is reported by the New Zealand Treasury. From 1972 until 2013, New Zealand Government Budget averaged -0.8 Percent of GDP reaching an all time high of 4.6 Percent of GDP in June of 2005 and a record low of -9.2 Percent of GDP in June of 2011. 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. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-2.10 -4.40 4.60 -9.20 1.82 | 2014/06 1972 - 2013 Percent of GDP Yearly

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New Zealand Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Budget Value 6925.00 2013-06-30 -14897.00 9541.64 -14897.00 28747.00 2014-06-30 NZD Million [+]
Government Spending 6520.00 2013-11-15 6553.00 6616.00 3569.00 6475.07 2014-06-30 NZD Million [+]
Government Debt To GDP 35.90 2012-12-31 37.00 71.60 17.40 31.17 2014-06-30 Percent [+]
Credit Rating 88.98 [+]
Government Budget -2.10 2013-06-30 -4.40 4.60 -9.20 1.82 2014-06-30 Percent of GDP [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


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