'Sobering': Govt books sink further into the red than expected

- No quick turnaround for Government accounts as annual deficit climbs by $3.4b
Finance Minister Nicola Willis shifts emphasis from cost cuts to growth, saying 'our most important job is to grow the economy faster'.
from: The Press

- New Zealand budget deficit larger than forecast in 2023-24, accounts show
The New Zealand government reported a larger-than-expected budget deficit for the 2023-24 year as lower growth hurt government revenue,...
from: Reuters

- Treasury reports largest annual deficit since 2020
The New Zealand Government ran a $12.9 billion deficit in the year ended June 2024, as revenue growth was outpaced by increased spending.
from: Interest.co.nz

- 'Not in great shape': Fifth deficit in a row as Govt books open
Finance Minister Nicola Willis says it underscores the Government's commitment to public spending discipline.
from: 1News

- Accounts show Government choosing pain over a plan
The Government accounts released today show that spending and debt continues to grow under the current Government, but there is no plan to...
from: - NZCTU

- 'Not in great shape': Budget deficit growing, new figures reveal
The government's finances worsened more than expected in the past year as inflation and interest rates lifted expenses quicker than than a...
from: Otago Daily Times

- New Zealand budget deficit widens as government expenses jump
NEW Zealand's annual budget deficit widened more than forecast as high inflation increased the cost of government services and welfare...
from: The Business Times

- New Zealand Budget Deficit Larger Than Forecast in 2023-24, Accounts Show
WELLINGTON (Reuters) - The New Zealand government reported a larger-than-expected budget deficit for the 2023-24 year as lower growth hurt...
from: US News Money

- New Zealand budget deficit larger than forecast in 2023-24, accounts show
The New Zealand government reported a larger-than-expected budget deficit for the 2023-24 year as lower growth hurt government revenue,...
from: marketscreener.com

Deficit spending, Government