NZ Govt to forecast 2014/15 surplus but fail to deliver: iPredict
The New Zealand Government is set to announce a 2014/15 surplus in its Budget tomorrow but will fail to deliver,
according to the 6900 registered traders on New Zealand’s online prediction market, iPredict
As at 5.30 pm tonight, traders were predicting tomorrow’s Budget will forecast a 2014/15 surplus of 0.75% of GDP
but they believe the government accounts that year will turn out to be in deficit to the tune of 0.64% of GDP
Portfolios likely to have a higher total appropriation in tomorrow’s Budget than in Budget 2011 are Education
, Tertiary Education
, Social Development
and the Ombudsmen
Trading volumes for many Budget 2012 stocks have been surprisingly low suggesting the opening prices set by the market
maker were broadly accurate or that insiders have declined to trade.
Profit opportunities therefore remain for those who believe that have an insight into likely government decisions.
Trading in the stocks will continue until tomorrow afternoon, with the market maker to be turned off at approximately