(Bloomberg) -- New Zealand’s new center-right government delivered on its election promise to cut taxes in its first budget even as the Treasury Department forecast bigger deficits and a delayed return to surplus.Most Read from BloombergWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarWarning Signals Are Flashing for Homeowners in Texas and Florida‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate JumpNew BYD Hybrid Can Drive Non-Stop for More Than 2,000 KilometersInsurers