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NZDM increases 2019/20 borrowing programme by NZ$3 billion

Tuesday, 17 March 2020

On 17 March, following the New Zealand government’s NZ$12.1 billion (US$7.4 billion) COVID-19 stimulus package, New Zealand Debt Management (NZDM) announced its borrowing programme for the 2019/20 financial year has increased to NZ$13 billion. This is NZ$3 billion higher than forecast following the New Zealand government’s half year economic and fiscal update 2019 on 11 December. In the fiscal year to date, NZ$7.5 billion has already been issued.

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