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15 Aug 2022 12:04
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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.

    © 2022 Newstalk ZB, NZCity

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    All Blacks coach Ian Foster expects to get endorsed to lead the team through to the next World Cup More...


    BUSINESS BUSINESS
    Restaurants say the commission charged for food delivery can make it impossible to turn a profit More...



     Today's News

    International:
    Freya the boat-climbing walrus euthanased by Norwegian authorities 11:49

    Rugby:
    All Blacks coach Ian Foster expects to get endorsed to lead the team through to the next World Cup 11:49

    Entertainment:
    Anne Heche has died days after being involved in a fiery car crash 11:42

    Living & Travel:
    Live updates: Sydney Airport hit with delays, fears of threat to FBI after Trump raid, and a Cameron Smith penalty 11:19

    Entertainment:
    Michelle Branch has been charged with domestic violence against her husband Patrick Carney less than a day after she announced they were splitting following three years of marriage 11:12

    Environment:
    The north west of the South Island is back in the firing line, with more wild weather on the way 11:09

    Law and Order:
    A man has been arrested, after entering an Auckland gym wielding a knife, forcing gym-goers to flee for their lives 10:49

    Entertainment:
    Katie Price claims she is still with fiancé Carl Woods 10:42

    Motoring:
    Motorists are urged to take care on the roads this week, as the top of upper South Island braces for more rough weather 10:29

    Law and Order:
    Renewed concerns about safety in the Wellington region 10:19


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