NZ govt operating surplus still tracking ahead of expectations on rising tax take

Tue, 03 Apr 2018

By Paul McBeth April 4 (BusinessDesk) - The New Zealand government's operating surplus is still running ahead of expectations in the first eight months of the financial year as high employment rates bolster income and consumption taxes. The operating balance before gains and losses (obegal) was a surplus of $2.85 billion in the eight months ended Feb. 28, more than the $2.36 billion surplus predicted in December and twice the $1.41 billion surplus in the same period a year earlier. Core Crown taxes rose 5.7 percent to $50.86 billion, som...

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