NZ govt's books in better shape than forecast on higher tax take

Wed, 26 Jun 2019

By Rebecca Howard June 27 (BusinessDesk) - The government's books for the first 11 months of the year are in better shape as the tax take came in higher than expected. The Crown accounts show the operating balance before gains and losses was in surplus by $7.0 billion for the 11 months to May 31. That's $2.5 billion more than forecast in the May budget and $1.7 billion higher than the same time last year. "There are some large differences across most key fiscal indicators, some of which are likely to persist until year-end. These diff...

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