New Zealand’s Budget Release: Forecasts 2.3% GDP growth in 2026/27
New Zealand‘s Finance Minister Nicola Willis delivered the government’s Budget 2026 on Thursday with the details below. Key quotes NZ sees 2025/26 operating balance before gains, losses NZ$-15.06 bln (hyefu NZ$-16.93bln). NZ sees 2026/27 OBEGAL balance NZ$-14.09 bln (hyefu NZ$-12.99bln). NZ 2025/26 cash balance NZ$-9.31 bln (hyefu NZ$-14.80). NZ sees 2026/27 GDP +2.3% (hyefu +3.4%). NZ sees 2025/26 net debt 42.4% of GDP (hyefu 43.3%). NZ Fin Min says will introduce prudential levy on banks, non-bank deposity takers, insurers and other financial market participants. NZ Fin Min says new prudential levy to recover around NZ$209 million over next four years. NZ govt expects to returning operating balance before gains, losses surplus in 2029/2030. NZ treasury sees inflation peaking at 4.0% in Q2 2026. NZ DMO plans to issue nz$34 billion worth of bonds in 2026/27, unchanged with December forecast. NZ DMO planned gross bond issuance for four years to June 30 2030 is NZ$124 bln down from NZ$130 bln forecast in December. Market reaction At the time of writing, the NZD/USD pair is trading around 0.5900, up 0.02% on the day. New Zealand Dollar FAQs The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and








