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19 Aug 2022 7:38
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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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    Australian baby goods retailer Baby Bunting is planning expanding in New Zealand More...



     Today's News

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    Law and Order:
    The local representative on the Auckland Council says he's devastated after the bodies of two primary school age children were found in suitcases 7:28

    Law and Order:
    Police are working to establish who was driving a red Ford Falcon they believe fatally hit a Dunedin man 7:18

    Entertainment:
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    Rugby:
    Have New Zealand Rugby and the All Blacks recruited the key to winning next year's World Cup? 7:08

    Entertainment:
    Tommy Dorfman reveals she is engaged to a woman 6:42

    Health & Safety:
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    Entertainment:
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    International:
    Why Elon Musk's tweet saying he was going to buy Manchester United created such a stir 4:28

    Law and Order:
    Auckland Police are attending a report of a serious assault in Otahuhu 21:48


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