WELLINGTON Dec 8 New Zealand's debt management
office has increased its domestic bond buying programme to
NZ$8.0 billion, NZ$1.0 billion higher than that announced at the
Further out, the forecast bond programme for 2019/20
decreases to NZ$6.0 billion, leaving the total programme
unchanged from the 2016 Budget.
The government downgraded its budget surplus estimate for
2016/17, largely due to an estimated NZ$1 billion in net costs
related to a devastating earthquake that rocked the island
nation last month.
(Reporting by Charlotte Greenfield and Swati Pandey)