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New Zealand — Combined government deficit

millions of NZD · Annual · 1913–2031 · 119 observations

About this series

The combined government deficit series records the period's fiscal balance under the source's accounting and sign convention. A deficit indicates a shortfall; the series is a flow, not a debt stock. WED's combined-government scope requires source metadata.

In New Zealand, the combined government deficit reading was −14.98B NZD in 2025, compared with −12.92B NZD in 2024. The period change was −2.05B NZD. The corresponding ratio to GDP was −3.33% in 2025.

-30.00B-20.00B-10.00B010.00B1913201020202031NZDSubscribe to view

Get the full series

  • Annual data, 1913–2031
  • The underlying source, downloadable

Latest observations

2008–2031

PeriodValue
2031-3.66B NZD
2030-5.15B NZD
2029-7.03B NZD
2028-10.97B NZD
2027-18.17B NZD
15 earlier values
2026-19.29B NZD
2025-14.98B NZD
2024-12.92B NZD
2023-14.54B NZD
2022-11.48B NZD
2021-13.90B NZD
2020-24.92B NZD
2019-903.00M NZD
20182.54B NZD
20174.70B NZD
20163.13B NZD
2015310.00M NZD
20141.02B NZD
2013-1.56B NZD
2012-4.62B NZD

Values before 2012, back to 2008, are on the chart — hover to read them.

Data release 2026_10_06_0823, published 6 Oct 2026.