The New Zealand government logged its first budget surplus since 2008, Finance Minister Bill English said Wednesday.
In the year ended June 2015, budget surplus of NZ$414 million was posted, which was equivalent to 0.2 percent of gross domestic product.
“Returning to surplus in 2014/15 is a significant milestone,” English said. “I’m proud of the steps taken across the wider public service to help deliver the surplus target while also improving the quality of social services delivered to New Zealanders,” he added.
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