Budget 2015: the $4.5 billion tax hole and a flatline forecast
It looks as though the government wants any future 'revenue surprises' to be in its favour.
Rob Hosking breaks down the political and economic week ahead on NBR Radio and on-demand on MyNBR Radio.
Rob Hosking Mon, 04 May 2015
Finance Minister Bill English’s rather jolting announcement on Friday that the government is short $4.5 billion in tax revenue actually tells us less than it seems.
The $4.5 billion is what the Treasury says it has shaved off forecasts of tax revenue (over the next four years) that were made in
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