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12 Aug 2022 23:40
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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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     Today's News

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    Law and Order:
    Auckland Police are working to identify the person whose remains were found at a property in Clendon Park yesterday 21:19

    International:
    FIFA to start Men's World Cup early to give host nation Qatar a prime-time kick-off 21:09

    Environment:
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    Law and Order:
    Former police sergeant sentenced to more than seven years' prison for role in storming US Capitol 18:09

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    A kiwi-tinged Bulldogs side are hoping to bounce back tonight against the Warriors 18:09

    Basketball:
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    Law and Order:
    Australian academic Sean Turnell detained in Myanmar pleads not guilty in closed court 17:09

    Rugby League:
    Raymond Faitala-Mariner is looking forward to facing up to his old team tonight 16:49


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