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Investor Presentaiton

Operating balance* returns to surplus in 2026/27 NZ $billions 15 10 Forecast 5 0 -5 -10 -15 -20 -25 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Year ending 30 June HYEFU - December 2023 PREFU - September 2023 Source: The Treasury *Operating balance before gains and losses
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