News | Business
16 Aug 2022 23:11
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   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

     Other Business News
     16 Aug: MPI officials are rejecting suggestions China's been banning New Zealand meat imports
     16 Aug: Earthquake strengthening may not be the disaster many Wellington building owners should be fearing
     16 Aug: Challenging times remain, but there's a glimmer of hope when it comes to inflation
     15 Aug: Restaurants say the commission charged for food delivery can make it impossible to turn a profit
     15 Aug: New Zealand's avocado growers are remaining upbeat, despite predictions the industry could take a hit
     15 Aug: Uber generated 1.2-billion dollars in economic value for New Zealand last year
     15 Aug: NZ Rugby boss defends lack of certainty about All Blacks coach's future
     Top Stories

    RUGBY RUGBY
    A sprinkling of All Blacks talent will bolster NPC sides across the country this weekend More...


    BUSINESS BUSINESS
    MPI officials are rejecting suggestions China's been banning New Zealand meat imports More...



     Today's News

    International:
    The United States and South Korea to begin large-scale military drills as North Korea increases nuclear threats 21:49

    Politics:
    Retail NZ has praised a proposal from Act targeting combating youth crime 21:49

    Entertainment:
    James Hetfield has split from his wife 21:42

    Basketball:
    A new development player for the Breakers 21:19

    Entertainment:
    Princess Diana's former security guard believes she'd still be alive if he had been travelling with her on the night she died 21:12

    Entertainment:
    Luke Hemsworth doesn't compete with his younger actor siblings Liam and Chris Hemsworth 20:42

    Entertainment:
    Prince William gave Dame Deborah James' children some "powerful" advice about coping with grief 20:12

    Law and Order:
    The Loop: Scott Morrison apologises over ministry revelations, former NRL star Brett Finch pleads guilty, and a chief health officer's Bollywood dance moves 19:59

    Entertainment:
    Denise Dowse has died 19:42

    Entertainment:
    Michelle Visage was shocked by how much of an "introvert" RuPaul is 19:12


     News Search






    Power Search


    © 2022 New Zealand City Ltd