A closer look at the government's revenue – on a slippery slope

In the business sector, inflation has been lifting costs. (Image: Getty)

Sat, 10 Jun 2023

The government’s books are 'not immune to a cooling economy' was the line from the minister of finance in response to the April 2023 crown financial results showing most key fiscal indicators were weaker than expected.That's true, but on top of that, you could add inflation and cost reality.An unsustainable growth trajectory and economic expansion pumped up the economy and tax revenue in 2021 and 2022, protecting the fiscal numbers.Reality bitesReality is now sinking in as the laws of economics drag the economy – and tax...

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