19 Feb 2015
New Zealand 6-mont financial statement: Budget deficit narrower
FXStreet (Bali) - The New Zealand government 6-month financial statements has been released, with the main take away being that deficits are narrower.
Additional headlines
"Core tax revenue 1% higher than forecast, GST and corporate tax both higher than expected."
"6-month budget deficit NZ$990m. Budget deficit is NZ$381m narrower than forecast in December's half-year fiscal update."
"NZ government net debt at December 31 NZ$66.46bn, i.e. 28.1% of GDP (vs. 27.8% forecast."
"Treasury adds that indicators for domestic consumption in the December quarter look weaker than forecasts, suggests the boost in GST may not last."
"However, the outlook for other tax types such as source deductions is more positive, signalling some upside risk going forward"
Additional headlines
"Core tax revenue 1% higher than forecast, GST and corporate tax both higher than expected."
"6-month budget deficit NZ$990m. Budget deficit is NZ$381m narrower than forecast in December's half-year fiscal update."
"NZ government net debt at December 31 NZ$66.46bn, i.e. 28.1% of GDP (vs. 27.8% forecast."
"Treasury adds that indicators for domestic consumption in the December quarter look weaker than forecasts, suggests the boost in GST may not last."
"However, the outlook for other tax types such as source deductions is more positive, signalling some upside risk going forward"