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Half Year Economic and Fiscal Update

Half Year Economic and Fiscal Update. 19 December 2006. Most sustained growth in 30 years…. …but imbalances have built up. Inflation at 3.5%. Dollar still above US$0.65. Current Account Deficit at 9.7% of GDP. The fiscal position is very strong…. Gross debt. OBERAC excl NZSF. Net

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Half Year Economic and Fiscal Update

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  1. Half Year Economic and Fiscal Update 19 December 2006

  2. Most sustained growth in 30 years…

  3. …but imbalances have built up. Inflation at 3.5% Dollar still above US$0.65 Current Account Deficit at 9.7% of GDP

  4. The fiscal position is very strong… Gross debt OBERAC excl NZSF Net debt Cash residual Net debt incl NZSF

  5. …creating room for the business tax package in Budget 2008…

  6. …but need to avoid further loosening in the near term.

  7. Half Year Economic and Fiscal Update 19 December 2006

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