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19 Aug 2022 19:41
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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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     Top Stories

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    Tasman will fly out on game day for their Bunnings NPC match against North Harbour at Albany Stadium More...


    BUSINESS BUSINESS
    The country's largest bank is lifting its floating home rate, following the latest hike to the Official Cash Rate More...



     Today's News

    Entertainment:
    Christine Quinn isn't coming back to 'Selling Sunset', according to sources 19:12

    Motoring:
    In Wellington ...A section of Onslow Road in Khandallah has re-opened to traffic at a slower speed limit after it was closed due to a large slip 18:59

    Law and Order:
    Bali bombmaker Umar Patek has sentence reduced, Anthony Albanese confirms 18:49

    Entertainment:
    Anne Heche's death has been ruled as an accident 18:42

    Living & Travel:
    Tasman will fly out on game day for their Bunnings NPC match against North Harbour at Albany Stadium 18:39

    International:
    Apple security flaw could allow hackers to control people's iPhones. Experts says users should update their software now 18:19

    Entertainment:
    Savannah Guthrie says she bonds with Hoda Kotb by both being "older moms" 18:12

    Rugby League:
    They won last time out against the Bulldogs - but the Warriors face a far tougher test tonight in Townsville, taking on the second-placed Cowboys 18:09

    Entertainment:
    Olivia Wilde and Jason Sudeikis don't "speak directly to one another" 17:42

    Rugby League:
    It's a big ask for the Warriors to back up tonight in Townsville, after their biggest win of the NRL season last weekend in Auckland 17:29


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