NZ budget: Surplus of NZD 372m for 2014-15 expected

FXStreet (Bali) - The New Zealand annual budget was just released, with March 2015 GDP projections at 4.0%, while March 2016 GDP is expected at 3.0%. Projects a budget surplus Of NZD 372m for 2014-15. In terms of debt, the
2014/15 net debt stands at 26.4bn, with expectations for debt declining to 23.8% of GDP by 2018 with an ultimate target of 20% by 2020.