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The New Zealand government reached its budget surplus in the fiscal year ending June 30. It was the first budget surplus since 2008. The budget surplus was driven by stronger-than-expected tax revenue.
Net debt was 25.2% of gross domestic product (GDP) in the fiscal year ending June 30, down from 25.6% from the last fiscal year.
Nominal GDP was NZ$240.6 billion in the fiscal year ending June 30, up 2.8% from the last fiscal year.
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