A tax windfall and one-off accounting gains have delivered the biggest budget surplus in a decade - more than double forecasts. "The results show businesses are investing, employing more workers and paying higher wages, while at the same time reporting stronger profits," he said. A record tax take has also bolstered government coffers. The surplus: $3.5b for the 2018/19 year, but Treasury forecasts that to shrink significantly to $1.4b in 2020. Photo: RNZ / Alexander Robertson. This includes $15.2b in new operating expenditure and a $10.4b capital expenditure envelope. School donations: $266m over four years in addition to funding for schools between deciles 1 and 7 which pledge to remove school donations. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Croatia had a general government surplus of 0.4% of GDP, with the surplus rising by HRK 112 million to HRK 962 million. GDP forecast 2018/2019 cut to +2.1% vs. 2.9% previous forecast. news.com.au April 3, 2019 11:15am. Whanau Ora: $80m boost over four years - after being left out in the cold last year along with most other targeted Maori funding, Whanau Ora gets a boost this year. New Zealand’s (NZ) Treasury Department is out with its annual 2019 Budget, with the key details found below. Its December forecasts were for a $4.1 billion surplus in the year to June 2020. Is it really a good idea? It was forecast to be $8.4 billion at the end of the forecast period. The pound sterling has ticked higher against a broadly weaker US dollar on Friday to reach the top of the last two months trading range, at 1.3175 which, so far, remains intact.
Delivering surpluses, the level of government spending and net debt targets are among the Budget Responsibility Rules the Labour Party set for itself before last year's general election. The most recent forecasts are: Budget Economic and Fiscal Update (BEFU) 2020 and Half Year Economic and Fiscal Update (HYEFU) 2019. The government's broader financial position, including the performance of crown entities such as ACC and the Superannuation Fund, was a deficit of $2.3b which reflected the impact of the steep fall in interest rates. Treasury forecasts indicate residual cash deficits of $10.6 billion across the forecast period. Net debt - $57.7 billion (up $0.2 billion) Net debt share of GDP - 19.2 per cent (down from 19.9 per cent) Capital investment - $6.7 billion. This compares to an annual average growth of 2.9 per cent over the previous five years, Treasury said.
Finance Minister Grant Robertson presents the 2019 Budget. "I'm not seeing any evidence New Zealand is moving to a recession," he said.