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13 Nov 2024 15:03
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  •   Home > News > Politics

    The Government books have sunk further into the red

    The Government books have sunk further into the red


    Treasury has revealed the Crown's deficit deepened by 3.4-billion-dollars in the year to this June.

    It now sits at 12.9-billion-dollars.

    Expenses hit 180-billion- 4.4-billion-dollars higher than forecast in the 2024 Budget, released in May.

    The costs outstrip money brought in - mostly through taxes - with revenue sitting at 167-billion-dollars.

    Government debt has now increased by 20-billion-dollars - and makes up 42.5 percent of GDP.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Entertainment:
    Jon M. Chu missed the 'Wicked' premiere due to the birth of his fifth child 15:02

    Politics:
    The Media and Communications Minister says a new law that would force tech giants to pay for news content isn't ready to be back in the House yet 14:57

    Entertainment:
    Laura Dern has told Liam Hemsworth "all [her] secrets" 14:32

    International:
    Unsealed documents detail Donald Trump's fresh bid to dismiss hush money convictions 14:17

    Law and Order:
    Police have discovered human remains at a rural location near Tokoroa - in Waikato 14:08

    Entertainment:
    Alesha Dixon wants to push her kids to dream big 14:02

    Soccer:
    Midfielder Matt Garbett is inspired by the form of All Whites teammate Chris Wood ahead of Friday night's World Cup qualifier against Vanuatu in Hamilton 13:57

    Entertainment:
    Catherine, Princess of Wales joined senior members of the royal family at the Festival of Remembrance on Saturday (09.11.24) 13:32

    Rugby:
    All Blacks attack coach Scott Hansen is urging his side's young halfbacks to walk towards the challenge of facing Antoine Dupont this weekend 13:27

    Law and Order:
    Men charged with obstructing or perverting the course of justice in wrongful conviction of Alan Hall appear in Court 13:17


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