|
WELLINGTON: New Zealand's state accounts released yesterday reveal a government
operating surplus that exceeds forecasted figures by one-third.
Treasury figures show a 1.966 billion-dollar (US$1.154 billion) operating
surplus for the year ending June 30, exceeding the forecast in the May budget by
US$605 million.
The operating balance excluding revaluations and accounting policy changes,
which the government prefers to focus on, came in at US$5.580 billion -some
US$1.539 billion better than forecast.
Finance Minister Michael Cullen said the fiscal position on balance day showed a
significant shift since the budget forecasts were approved in April. -AFP
|