New Zealand recorded a Government Budget surplus equal to 2.50 percent of the country's Gross Domestic Product in 2019. source: New Zealand Treasury

Government Budget in New Zealand averaged -0.53 percent of GDP from 1972 until 2019, 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. This page provides - New Zealand Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in New Zealand is expected to reach -8.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Government Budget is projected to trend around -9.00 percent of GDP in 2021 and -8.30 percent of GDP in 2022, according to our econometric models.

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New Zealand Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
2.50 1.90 4.50 -8.90 1972 - 2019 percent of GDP Yearly

New Zealand Government Last Previous Highest Lowest Unit
Government Debt to GDP 19.00 19.60 54.80 4.40 percent [+]
Government Budget 2.50 1.90 4.50 -8.90 percent of GDP [+]
Government Budget Value 7508.00 5534.00 7508.00 -18396.00 NZD Million [+]
Government Spending 12736.00 12525.00 12736.00 5489.00 NZD Million [+]
Government Revenues 119293.00 109973.00 119293.00 23033.00 NZD Million [+]
Fiscal Expenditure 111439.00 104014.00 111439.00 25381.00 NZD Million [+]
Government Debt 57736.00 57495.00 61880.00 405.00 NZD Million [+]
Credit Rating 93.00 [+]
Military Expenditure 2307.00 2328.00 2332.00 1044.00 USD Million [+]

New Zealand Government Budget
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.