New Zealand budget deficit eight months to February smaller-than-expected

FXStreet (Bali) - New Zealand budget deficit for the last eight months to February has come smaller than expected at NZD 269 mln vs a forecast of NZD 612 mln. Reuters reports core tax revenue was higher than forecast, while govt expenses were lower than forecast. New Zealand FinMin English said is is now less likely that they will post a 2014-15 budget surplus, Bloomberg reports.