NZDMO funding requirement eases after "investor friendly" budget
- Friday, 17 May 2013
An improving budgetary position in New Zealand – including a reaffirmed projection of a return to surplus in 2014/15, ahead of Australia's latest projections – allowed the New Zealand Debt Management Office (NZDMO) to lower its funding requirement for the next two financial years. Analysts suggest the NZDMO's funding strategy could significantly reduce nominal tender supply in the coming year.
