FX.co ★ New Zealand’s Net Debt Forecast Edges Lower to 42.4% in January 2026

New Zealand’s net debt forecast has eased, with the indicator slipping to 42.40% in January 2026 from 43.30% in July 2025, according to the latest data updated on 28 May 2026. The move marks a modest improvement in the country’s projected debt position over the six‑month period.

The decline from 43.30% to 42.40% suggests a slight strengthening in New Zealand’s forward-looking fiscal outlook, indicating that future debt levels are now expected to be a bit lower relative to previous projections made in mid-2025. While the shift is incremental, it points to a gradual adjustment in expectations around the government’s net debt trajectory going into 2026.