A post by @FirstSquawk on X.
NEW ZEALAND THREE-MONTH BUDGET DEFICIT NZ$2.82B; NZ$1.32B NARROWER THAN FORECAST
@FirstSquawk on X
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New Zealand recorded a three-month budget deficit of NZ$2.82 billion, coming in NZ$1.32 billion narrower than forecast, according to First Squawk. The smaller-than-expected shortfall signals that government revenue or spending tracked better than official projections over the period. The gap matters for the sovereign's fiscal trajectory and for upcoming bond issuance plans. Watch whether the improvement persists in the next fiscal update and whether it shifts the government's borrowing outlook.
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