New Zealand Forecasts Budget Surplus in 2028/29, Debt Reduction Ahead

Finance Minister Nicola Willis highlights that disciplined economic management has led to an earlier-than-expected return to a government surplus in 2028/29, reducing borrowing and debt servicing costs. The government continues investing in essential services and infrastructure within an affordable funding framework while improving fiscal health, including a $2.6 billion surplus forecast and a lowered bond issuance by $6 billion. This fiscal repair strengthens New Zealand's resilience against future global and environmental uncertainties, benefiting all citizens.