NZ PM Luxon promises fiscal responsibility … as you do
New Zealand PM Luxon:
- Government committed to putting debt on a downward path towards 40% of GDP, returning to Obegalx surplus by FY 2028/29
- Net operating spending on new initiatives will total NZ$2.1 bln, about NZ$300 mln less than set in December
- Global uncertainties reinforced importance of responsible economic management and fiscal discipline
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