New Zealand Budget to Show Rising Debt, Wider Deficits as Economy Slows
- Cyclone spending to increase size of government bond program
- RBNZ inflation concerns add to the need for fiscal restraint
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New Zealand faces rising debt and a longer period of budget deficits as natural disasters and a slowing economy squeeze the government’s finances.
Finance Minister Grant Robertson will deliver his annual budget on Thursday in Wellington with little room for sweeteners ahead of a general election in October.