By Lucy Craymer
WELLINGTON, May 11 (Reuters) - New Zealand Finance
Minister Grant Robertson said on Thursday that the government
budget to be released next week would have a focus on fiscal
sustainability as the government does its bit to keep inflation
under control.
Inflation in New Zealand is tracking at 6.7%, well above the
central bank's target range of 1% to 3%, and economists have
warned that a boost in government spending could mean inflation
stays higher for longer.
"We are committed to playing our part in bringing it down,
including by reducing our spending as a percentage of the
economy over the coming years," Robertson said in a speech to
the Wellington Chamber of Commerce.
He added that New Zealand's fiscal position remains strong,
the country is resilient, and spending was now tracking back
toward the low-30% of GDP range.
(Reporting by Lucy Craymer; Editing by Leslie Adler)
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