Moody’s: New Zealand’s 2017 budget highlights fiscal flexibility and shock absorption capacity
Singapore, May 30, 2017 — Moody’s Investors Service says that New Zealand’s (Aaa stable) budget for the fiscal year ending June 2018 (2017 budget) demonstrates very strong public finances, underpinned by ongoing fiscal discipline and robust economic growth prospects, providing the government with significant fiscal flexibility to buffer potential shocks.
Ahead of the September election, Moody’s expects the broad consensus on fiscal discipline, regardless of the party in power, will continue to deliver on the goals of maintaining budget surpluses and reducing …
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