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New Zealand Forecasts Smaller 2025 Fiscal Deficit on Revenue Gains

Government revenue growth and other factors are expected to narrow New Zealand's fiscal shortfall compared to earlier estimates.

Summary

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Terms & Concepts
  • Fiscal Deficit: The gap between a government's expenditures and its revenues, excluding debt issuance.
  • Government Revenue: Income collected by the government from taxes, fees, and other sources to fund public services.