Govt 8-mth surplus bigger than expected as less spending offset lower corporate tax take

Wed, 27 Mar 2019

By Paul McBeth March 28 (BusinessDesk) - The government's eight-month operating surplus was bigger than expected, primarily because it didn't spend as much as it anticipated, which helped offset a smaller company tax take than forecast. The operating balance before gains and losses (obegal) was a surplus of $2.25 billion in the eight months ended Feb. 28, more than the $1.91 billion projected in the Treasury's December half-year economic and fiscal update forecasts, though down from the $2.85 billion surplus a year earlier. Core Crown...

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