NZ government’s fiscal deficit less than expected

FXStreet (Bali) - New Zealand Treasury has issued its financial statements for the 10 months to April, announcing a net operating deficit to April 30 of NZ$1.37 bln, while government net debt at April 30 stood at NZ$62.25 bln, 28.1% of GDP.

As Reuters reports: "The operating balance excluding gains and losses (OBEGAL), which strips out unrealised investment gains or losses, for the 10 months to April 30 was a deficit of NZ$1.37 billion ($1.16 billion), 9.7 percent smaller than the Treasury’s forecasts updated in the annual budget last month."