WELLINGTON Jordan 1 High OG Mens , May 1 (Xinhua) -- The New Zealand government's operating deficit this financial year is going to be worse than previously expected, Finance Minister Bill English said Friday.

The country remained on track to build on economic growth of almost 3 percent a year on average over the last four years, and unemployment was expected to drop below 5 percent over the next two years, English said in a published speech to a Wellington business gathering.

"But at the same time, very low inflation and lower commodity prices means growth in the nominal economy, which is the dollar value of what we produce each year, is more muted than expected www.jordan1highogshoes.com ," said English.

The Treasury expected nominal GDP over the next four years through to 2019 to be around 1.5 percent lower than forecast in last year's government Budget, mainly because of lower inflation.

"That is about 15 billion NZ dollars (11.37 billion U.S. dollars) less and, to put that in context that is more than half of the impact of the Global Financial Crisis," said English.

As a consequence, tax revenue was forecast to be 4.5 billion NZ dollars (3.41 billion U.S. dollars) less over the next four years.

In December, the Treasury forecast an operating deficit of around 570 million NZ dollars (432.17 million U.S. dollars) for the 2014-2015 year, which was 0.2 percent of GDP Air Jordan 1 High OG Top 3 , and a similar sum in surplus in 2015-2016.

But, English said, both forecasts had "deteriorated a little."

"So we expect the Budget to forecast a slightly bigger deficit for 2014-2015 and to forecast a slightly smaller surplus for 2015- 2016," he said.

"While progress on surpluses is slower than expected, we are on track to surplus and repaying debt."

The main opposition Labour Party said the government was breaking a campaign promise made in the last two general elections in 2011 and 2014 of an operating surplus this financial year.

"Not only is this year's surplus a dead duck, the surplus for next year is beginning to look under threat, especially with a 7- billion-NZ-dollar (5.3 billion U.S. dollars) economic black hole opening up thanks to the fall in dairy prices Air Jordan 1 High OG Re2pect ," Labour finance spokesperson Grant Robertson said in a statement.

"That could mean Bill English will deliver eight deficits out of eight Budgets."

SHENZHEN, China, April 19 (Xinhua) -- Kiradech Aphibarnrat of Thailand claimed a second European Tour victory Sunday, winning the Shenzhen International in dramatic style following a two-way playoff with local hero Li Haotong.

Li, who fought back magnificently from a slow start to the tournament, looked as though he had victory in the bag and a dream finish for the Chinese faithful, but Aphibarnrat Air Jordan 1 High OG Wheat , who had dropped valuable shots late in Round 3, saved his best to last, producing an eagle on the par-5 17th to bring him level with Li.

Finishing regular play at 12-under par, the pair headed off to replay the 18th in a sudden death play-off, with Aphibarnrat setting up an almost identical 8-foot birdie putt as the one he'd missed only minutes earlier. With Li leaving himself too much to do from a wayward approach shot, the Thai saw his ball drop to claim the victory.

Speaking about the result, an elated Aphibarnrat said Air Jordan 1 Retro High OG , "The win was not easy. After I played solid golf for three rounds, I thought the game should be over yesterday, but then I missed on the last two holes and everyone was in the game again. On the front nine, I was nervous and not playing my own game. My body was getting too tight and I lost some concentration."

"I have to give special thanks to my caddie because he tells me before we teed off on 17 'we are two shots behind but we're not losing'. Those words were key for me. 'Just keep the ball in the fairway, give yourself the opportunity to hit the second shot, and who knows, last two holes Air Jordan 1 High OG For Sale , might get eagles and birdies.' I missed the last putt, but we converted in the playoff with a great putt, the best one of my life."

The result will likely see Aphibarnrat move into the top 80 in the Official World Golf Ranking from his current position of 116th and maintains his 100 percent record of winning his European Tour titles when going into the final round, following his first victory in Malaysia in 2013.

Graceful in defeat, Li said, "Today is lucky day. I made a lot of birdies again but just the Thai guy played so well. Congratulations to him. It's been a very good experience and I really enjoyed it."

With numerous names topping the leaderboard throughout the day, the tournament had been looking for someone to put their hand up and close out the win. Earlier in the day it had been Spaniard Pablo Larrazabal's name at the top Air Jordan 1 High OG Shoes , but three bogeys and a double bogey on the back nine put pay to his chances.

England's Tommy Fleetwood had also flirted with the idea of claiming a second European Tour victory but, despite four very consistent rounds and a brief spell at the top, two bogeys on the back nine left him with too much to do, finishing in third place and one shot off the lead at 11-under par.

Tied in fourth place at 10-under par, were Julien Quesne of France who carded an impressive 7-under par, Italy's Marco Crespi, Round 1 leader Huang Wenyi of China Air Jordan 1 High OG , David Howell and Tom Lewis of England, Y.E. Yang of South Korea, and Peter Uihlein of the US.

The Shenzhen International was played at Genzon Golf Club and was contested over 72-holes of stroke play, and featured a cut after two rounds for a prize purse of 2.5 million US dollars.

HONG KONG, Nov. 28 (Xinhua) -- India's Anirban Lahiri is hoping to take advantage of his familiarity with the Hong Kong Golf Club to win his first title outside of India at the 1.3-million-U.S.-dollar Hong Kong Open next week.

The 26-year-old believes the course set-up at the Hong Kong Golf Club suits his playing style and has similar characteristics to his home venue where he has won . Cheap NFL Jerseys   Cheap NFL Jerseys China   Cheap NFL Jerseys Wholesale   Cheap NFL Jerseys China Free Shipping   Cheap NFL Football Jerseys   Cheap NFL Sports Jerseys   Cheap Soccer Jerseys   Cheap Hockey Jerseys   Cheap Football Jerseys   Wholesale NCAA College Jerseys