Govt's surplus runs ahead of forecast

Tue, 15 Jan 2019

By Jenny Ruth Jan. 16 (BusinessDesk) - The government’s budget surplus for the five months ended November was running slightly ahead of forecast due to it collecting more tax and incurring fewer expenses than forecast. The surplus of $261 million was in contrast to Treasury’s expectations of an $88 million deficit for the five months. Tax revenue in the five months was $141 million higher than expected at $32.9 billion while core Crown other revenue was $61 million more than expected at $35.9 billion. Core Crown expenses were $409 mill...

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