RESEND Treasury says 2015 surplus still on target as tax take falls short again, pushing govt deficit wider

Mon, 07 Apr 2014

(Fixes garble in headline) By Paul McBeth April 8 (BusinessDesk) - The Treasury still expects the government to reach its targeted surplus in the 2015 financial year, even as the current tax-take continues to fall short, and widening the Crown’s operating deficit. The government’s operating balance before gains and losses (obegal) was $1.39 billion in the eight months ended Feb. 28, more than twice the $509 million shortfall predicted in the December half-year economic and fiscal update, though less than half the deficit of $3.01 billion a...

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