New Zealand's economy announced a wider than forecasted according to tax revenue and increased earthquake costs where the deficit was 395 million New Zealand's dollar, while tax revenues was 825 million New Zealand's dollar less that expected which refers to the weakness of business profitability.

Bill English the finance minister noted that he will present a budget with zero or very low new spending during the upcoming four years, while the New Zealand's government is cutting selling assets and non-essential spending to speed up a return to surplus.