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AAP
AAP
Business
Ben McKay

Robertson pleased with New Zealand Budget response

New Zealand Finance Minister Grant Robertson's sixth budget has been generally well-received. (Ben McKay/AAP PHOTOS) (AAP)

New Zealand isn't out of the recessionary woods just yet, Finance Minister Grant Robertson has admitted a day after trumpeting Treasury's budget forecasts.

Mr Robertson unveiled his sixth budget on Thursday, with cyclone and flooding rebuilds contributing to NZ posting a fourth year in the red with a $NZ7 billion ($A6.6 billion) deficit.

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