New Zealand Government net lending/borrowing in New Zealand

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: -3.9% 2027: -3.1% 2028: -2.1% 2029: -1.3% 2030: -0.9% 2031: -0.6%
-1.1 (1999) ANUAL · % of GDP · Annual · CSV
Period% of GDP
Jan 1999 -1.1
Jan 1998 -0.5
Jan 1997 1.2
Jan 1996 2.6
Jan 1995 3.7
Jan 1994 2.0
Jan 1993 -1.5
Jan 1992 -6.2
Jan 1991 -6.1
Jan 1990 -2.7

About this indicator

Source
International Monetary Fund
Frequency
Annual
Release
Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.
What it is
Measures the balance of the New Zealand government's accounts: a deficit occurs when spending exceeds revenue, a surplus when the reverse holds. Published by the Treasury and usually expressed as a percentage of GDP.
How it's calculated
Calculated from central government accounts under New Zealand accounting standards, with the operating balance before gains and losses (OBEGAL) as the headline measure, and expressed relative to GDP. The fiscal year ends on 30 June.
Market implications
New Zealand runs a highly transparent fiscal framework with a track record of budgetary discipline. A wider-than-expected deficit can weigh on the New Zealand dollar and on ratings, though low public debt gives it ample headroom.
Limitations
It is a low-frequency series prone to revision. OBEGAL excludes valuation gains and losses, so it differs from other balance measures, and the June fiscal year-end complicates comparison with calendar-year countries.