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Economics
1 mins to read

Govt spending and revenue better than forecast, but debt higher

The reason for the blow-out in net debt is not because the Government was spending more or earning less.

The Government’s cash deficit was higher than forecast.

Brent Edwards Thu, 09 Nov 2023

Net Crown debt is already $5.646 billion higher than the Treasury forecast just nine weeks ago.

In the interim financial statements for the three months to the end of September, net debt was $81.382b compared with the forecast of $75.736b in the Pre-election Economic and Fiscal Update (Prefu)

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Govt spending and revenue better than forecast, but debt higher
Economics,
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