Government books worse than last year but better than forecast
Net debt at the end of November was $1.77b lower than expected.
Government income was higher than expected in the first five months of the financial year.
The Government’s books for the first five months of the financial year have recorded a more positive result than forecast in the December Half-year Economic and Fiscal Update.
In the five months to the end of November, net debt was $83.85 billion, $1.77b lower than forecast. It was largely driven
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