NZ Treasury sends bond market a positive surprise with reduced borrowing plan

Jamie GrayBusiness Reporter·NZ Herald·29 Sep, 2026 02:39 AM3 mins to read‌Willis addresses Govt’s books ahead of election which she described as a very positive set of forecasts. Video / Mark MitchellThe Treasury has delivered the financial markets a positive surprise with a bigger-than-expected cut in its borrowing requirement over the next few years, reflecting better-than-forecast tax take. The Treasury, in conjunction with the Pre-election Economic and Fiscal Update 2026, said it had reduced the government bond (NZGB) by $15 billion