Less restrictive national budget increases NZDMO's funding task

A May 15 New Zealand national budget which analysts describe as marginally less fiscally restrictive than that flagged at the last half-year update has fed through into a slightly increased funding task for the New Zealand Debt Management Office (NZDMO). New Zealand remains on track to return to surplus in the coming financial year, although the government has eased back on flight path for growth in surpluses.