Govt operating deficit wider than expected in first three months of year

Tue, 30 Oct 2018

By Rebecca Howard Oct. 31 (BusinessDesk) - The government's operating deficit for the September quarter was wider than forecast, but Treasury said it expects this to reverse in coming months as the tax take ticks up. The operating balance before gains and losses was a $343 million deficit in the three months through September, versus Treasury's forecast for a $279 million deficit. The government's tax take was $19 billion, slightly below the $19.1 billion forecast. Corporate tax revenue was below forecast by $300 million, mainly due t...

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