The New Zealand cash budget deficit narrowed
![]( "The New Zealand cash budget deficit narrowed")
The New Zealand cash budget deficit narrowed as it came in at NZ$ 7.14 billion in the 11 months ended May 31, while forecasts referred to a deficit of NZ$ 8.19 billion. The deficit narrowed after a delay in payments to the International Monetary Fund and the yearly repayment of investment.
NZ$ 515 million of payments to the International Monetary Fund was planned for May but it was delayed but the government didn’t announce the reason, while the New Zealand government received NZ$ 700 million from a discontinued investment earlier than it was planned.