English wary on tax take, could threaten surplus

Tue, 07 Oct 2014

By Pattrick Smellie Oct. 7 (BusinessDesk) - Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. The Treasury released the finalised financial statements for the government of New Zealand, confirming a further reduction in the size of the budget deficit to 1.3 percent of gross domestic product, or $2.9...

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