The budget balance in relation to the GDP in New Zealand was forecast to continuously increase between 2024 and 2029 by in total 3.5 percentage points. After the fifth consecutive increasing year, the budget balance is estimated to reach -0.07 percent and therefore a new peak in 2029. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.
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IMF. (April 22, 2024). New Zealand: Budget balance between 2019 to 2029 in relation to GDP [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/436525/new-zealand-budget-balance-in-relation-to-gdp/
IMF. "New Zealand: Budget balance between 2019 to 2029 in relation to GDP." Chart. April 22, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/436525/new-zealand-budget-balance-in-relation-to-gdp/
IMF. (2024). New Zealand: Budget balance between 2019 to 2029 in relation to GDP. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/436525/new-zealand-budget-balance-in-relation-to-gdp/
IMF. "New Zealand: Budget Balance between 2019 to 2029 in Relation to Gdp." Statista, Statista Inc., 22 Apr 2024, https://www.statista.com/statistics/436525/new-zealand-budget-balance-in-relation-to-gdp/
IMF, New Zealand: Budget balance between 2019 to 2029 in relation to GDP Statista, https://www.statista.com/statistics/436525/new-zealand-budget-balance-in-relation-to-gdp/ (last visited August 25, 2024)
New Zealand: Budget balance between 2019 to 2029 in relation to GDP [Graph], IMF, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/436525/new-zealand-budget-balance-in-relation-to-gdp/