NZ govt spends more than expected, posts 4-month deficit

Thu, 29 Nov 2018

By Paul McBeth Nov. 30 (BusinessDesk) - The New Zealand government spent more than expected in the first four months of the financial year and posted a small deficit in the period. Treasury reported an operating deficit of $258 million before gains and losses in the four months ended Oct. 31, compared to a deficit of $308 million a year earlier. It had forecast a surplus of $29 million in the period. The Crown's core expenditure rose 6.4 percent to $28.34 billion, some $344 million more than forecast in the May budget. About $172 mill...

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