New Zealand recorded a government budget deficit of 23,057 NZD Million in 2020. source: New Zealand Treasury

Government Budget Value in New Zealand averaged 43.71 NZD Million from 1972 until 2019, reaching an all time high of 7508 NZD Million in 2019 and a record low of -18396 NZD Million in 2011. This page provides - New Zealand Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Government Budget Value - values, historical data and charts - was last updated on May of 2021.

Government Budget Value in New Zealand is expected to reach -4500.00 NZD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Government Budget Value is projected to trend around -5300.00 NZD Million in 2021 and -4100.00 NZD Million in 2022, according to our econometric models.

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New Zealand Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-23057.00 7429.00 7429.00 -23057.00 1972 - 2020 NZD Million Yearly
Current Prices, NSA

New Zealand Government Last Previous Highest Lowest Unit
Government Debt to GDP 27.00 19.00 54.80 4.40 percent [+]
Government Budget -7.50 2.40 4.50 -8.90 percent of GDP [+]
Government Budget Value -23057.00 7429.00 7429.00 -23057.00 NZD Million [+]
Government Spending 13249.00 13037.00 13249.00 5489.00 NZD Million [+]
Government Revenues 116003.00 119293.00 119293.00 23033.00 NZD Million [+]
Fiscal Expenditure 138916.00 111439.00 138916.00 25381.00 NZD Million [+]
Government Debt 83375.00 57736.00 83375.00 405.00 NZD Million [+]
Credit Rating 93.00 [+]
Military Expenditure 3014.00 2525.00 3014.00 1026.00 USD Million [+]


New Zealand Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. In New Zealand, the government budget refers to the Total Crown operating balance before gains and losses (OBEGAL).