Government tax take $2.2 billion less than forecast

(Image: Getty)

Wed, 05 Jul 2023

The government has taken in $2.2 billion less in taxes than expected in the government's budget, according to the latest crown accounts. On Wednesday morning, Treasury released the government's interim financial statements for the 11 months ended May 31, 2023, and it showed core crown tax revenue had come in at $103.34b. This was less than the $105.56b forecast in the Budget Economic Fiscal Update released on May 4.Finance minister Grant Robertson said the cooling economy had resulted in lower-than-forecast tax revenue. &...

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