HYEFUHalf Year Economic and Fiscal Update (New Zealand)
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The figure from the December 2006 Half-Yearly Economic and Fiscal Update (HYEFU) is shown in the main text.
Net core Crown debt is in line with the HYEFU forecast at 20.7% of GDP.
The Treasurys Half Year Economic and Fiscal Update (HYEFU) released today shows that the economy is healthy and the Coalition Government is managing the books carefully in accordance with the Budget Responsibility Rules.
The 2014/15 surplus demonstrates how things can change in a short time, with a $572 million forecast deficit at HYEFU last December turning into a $414 million surplus by the end of the fiscal year.