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12 Jul 2025 20:52
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  •   Home > News > Business

    Our Finance Minister says the Crown's books look good -- despite challenges in the global economy

    Our Finance Minister says the Crown's books look good -- despite challenges in the global economy


    For the 11 months to the end of May 2022, the Operating Balance before Gains and Losses deficit was 5.5 billion below what was forecast in the latest budget.

    Core expenses were also 1.4 billion below what was forecast -- and tax revenue was three percent higher.

    But, it's not all good news ... with net debt 4.3 billion dollars higher than predicted - largely attributed to weaker market conditions.

    Grant Roberston says they're working hard to shield Kiwis from the impacts of global headwinds -- while carefully managing Government accounts.

    © 2025 Newstalk ZB, NZCity

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     Today's News

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    Jay-Z has accused a man who claims to be his son of "harassment" 20:30

    Entertainment:
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    Entertainment:
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    Entertainment:
    Queen Camilla thanked Novak Djokovic for allowing her to stay at his property in Montenegro 19:00

    Environment:
    Local electricity providers are still working to restore outages in parts of Nelson Tasman and Banks Peninsula 18:56

    Basketball:
    There's been a seismic shock in the men's National Basketball League 18:36

    Entertainment:
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    International:
    The first report on the deadly Air India crash is out — what did it reveal? 18:16

    Environment:
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    Rugby:
    The Black Ferns are running away with it in the second half of their last test before the Rugby World Cup 18:06


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