THE CHART: A big tax boost for Government coffers

Thu, 26 Nov 2020

New Zealand's economy continues to perform much better than almost anyone anticipated earlier in the year.The latest Crown accounts also back up the view the country bounced back strongly after the initial and most stringent covid-19 lockdown.In particular, tax revenue in the year to June 30 was much higher than projected in the May Budget. It was up to $85.1 billion, almost $3 billion more than forecast in the aftermath of the first lockdown.The biggest gain came from GST, which was $1.7 billion ahead of expectations from May. That's i...

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