New Zealand’s Finance Minister Grant Robertson emphasized is his pre-budget speech today that the center-left coalition government will stick to the “Budget Responsibility Rules”. He added that means Budget 2018 will deliver a surplus, and surpluses in subsequent years.”
Robertson added that “”we will reduce the level of net core Crown debt to 20 per cent of GDP within five years of taking office.: And, “we owe it to future generations to be fiscally responsible, given the risks New Zealand faces in terms of natural disasters and global economic shock.”
The budget will be announced on May 17.