The forecast deficit is relatively small and, as there always would be, there are some mitigating circumstances. GETTY The forecast deficit is "not a result of any direct action the Government has taken", Finance Minister Grant Robertson says. The forecast deficit is "not a result of any direct action the Government has taken", Finance Minister Grant Robertson says. "It's a result of changes to the forward liabilities of ACC, as well as the impact of lower global growth on tax and growth forecasts." Treasury had already upgraded its forecast for economic growth in the year starting in July to a solid 2.8 per cent, from the previous prediction of 2.5 per cent.

Source: Stuff December 27, 2019 15:56 UTC