Business Scoop » Crown Accounts Reflect Resilient Economy
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Treasury says the Crown Accounts for the six months to the end of December were better than forecast in its December's Half Year Economic and Fiscal Update
The Government’s financial accounts continue to reflect a resilient economy that has performed better than expected and puts the country in a strong
Business Scoop provides news and views on Business and Markets from New Zealand
Source: New Zealand Government The latest update shows the Government’s books are again in better shape than forecast, meaning New Zealand is still in a strong position to respond to any COVID-19 resurgence. The Crown Accounts for the six months to the end of December were better than forecast in the Half-year Economic and Fiscal Update (HYEFU). The Operating Balance before Gains and Losses (OBEGAL) deficit at $4.0 billion was $1.1 billion better than forecast in HYEFU. “This was partly due to tax revenue coming in $0.8 billion above forecast, with GST revenue $0.6 billion (5.5%) above fo...