2022/23 New Zealand Government Bond Programme Increased to NZ$28 Billion
In conjunction with the Half-Year Economic and Fiscal Update 2022, the Treasury has updated the forecast core Crown borrowing programme.
The forecast 2022/23 New Zealand Government Bond (NZGB) programme has been increased to NZ$28 billion, NZ$3 billion higher than that published at the Budget Economic and Fiscal Update 2022. The forecast NZGB programmes for 2023/24 and 2024/25 have been increased by NZ$5 billion each year, to NZ$30 billion, while the 2025/26 NZGB programme has been increased by NZ$5 billion to NZ$20 billion.
The 2026/27 year has been added to the forecast period, with a NZ$20 billion NZGB programme.
Treasury Bills (T-Bills) on issue at the end of 2022/23 are forecast to be NZ$3 billion. Forecast T-Bills on issue are unchanged at NZ$3 billion, at the end of each of the remaining forecast years.
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