LISTEN LIVE TO NEWSTALK ZB

Newstalk ZB

ON AIR NOW

Keep up with
Newstalk ZB

Follow Us

  • Facebook
  • Twitter
  • YouTube

Select region

Site Search

Search Search

Government coffers looking good

Share |

Latest Political News | Wednesday February 20 2013 12:26

Government coffers looking good

Related

Good news for the Government's books, with the latest financial update showing revenue stable, and spending and debt lower than expected.

Core crown revenue, at $27.3 billion for the six months to December, was just 0.1 per cent lower than forecast.

Expenses were $273 million lower than expected, because Treaty of Waitangi settlement costs were lower due to complex negotiations not being completed during December as planned.

The overall deficit excluding gains and losses was $158 million lower than expected, at $3.2 billion.

The operating balance was a whopping $1.7 billion in surplus, because of investment gains in the Superannuation Fund and ACC.

Photo / NZ Herald

Advertisement
I Heart App
Advertisement
  • Cycling: No positive dope tests on Tour de France

  • Tennis: Cilic through to quarters in five setter

  • Selwyn warned to stay prepared for wind storms

  • Applications now easier for overseas students

  • World losing Ebola battle: MSF

  • Ukraine tug of war hits our dairy prices

  • Auckland Weather

    15°
    Today
    Showers
    H:18° L:10°
    Click for More Weather
    More Weather

    The Press' leaders debate

    Who won The Press' leaders debate?

    Vote Now

    View Results