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14 Aug 2022 15:07
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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

    Health & Safety:
    New Zealand has 2,618 community cases today - the lowest figures since February 14:49

    Law and Order:
    Black Caps paceman Matt Henry's been ruled out of the remainder of the West Indies tour due to a rub injury 14:49

    Rugby:
    The All Blacks are putting their feet up after a monumental effort at altitude against the Springboks at Ellis Park 14:29

    International:
    Donald Trump's Mar-a-Lago was a 'nightmare' environment for housing classified documents, experts say 14:19

    Politics:
    A political commentator thinks bullying in Parliament is an ongoing problem 13:49

    Rugby:
    It's unclear this afternoon whether Ian Foster will be head coach of the All Blacks when they return home to face Argentina in a fortnight in Christchurch 13:29

    Soccer:
    Former Manchester United defender Gary Neville has launched a scathing attack on the club after their latest dismal result 13:19

    International:
    For Donald Trump, the week included FBI searches, civil investigations and social media campaigns 13:09

    Living & Travel:
    Farewell Fooey: Guardian of the ABC's PNG bureau, a friend to correspondents and an enemy of stray cats 12:59

    International:
    In the Greek islands, the Antikythera shipwreck yields statues, human teeth and the missing head of Hercules 12:59


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