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8 Aug 2022 13:01
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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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    Meanwhile Wellington have escaped defeat at the hands of a surging Bay of Plenty Steamers outfit in the capital, 37-35 More...


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    Fiji becomes first Pacific nation to recognise waste pickers as the world's invisible environmentalists fight to be seen More...



     Today's News

    Politics:
    Federal government to advocate for 'meaningful' pay rise for aged care workers in wages submission 12:40

    Golf:
    South Korea's Joohyung Kim has written his name into the record books with an extraordinary first victory on the PGA Tour in the Wyndham Championship 12:29

    Entertainment:
    Rosie O'Donnell says her teenage daughter Vivienne is "allowed to express her feelings" after branding her upbringing abnormal 12:22

    Motorsports:
    Scott Dixon has rocketed into second in the Indycar season championship after a dramatic win over Kiwi rival Scott McLaughlin in the latest race in Nashville 12:19

    Entertainment:
    Khloe Kardashian is "thrilled to extend her family" after welcoming a son 11:52

    Politics:
    A concerning number of students are dropping out of polytech 11:49

    Accident and Emergency:
    Rescue teams aren't likely to reach a light plane crash until later this week, at the earliest 11:49

    International:
    Peter Bol takes silver in 800m at Commonwealth Games behind Kenya's Wyclife Kinyamal 11:39

    Entertainment:
    Khloe Kardashian and Tristan Thompson have welcomed their second child via surrogate 11:22

    Cricket:
    Australia beats India by nine runs at Edgbaston to win Commonwealth Games women's T20 cricket gold 11:19


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