Govt won't achieve planned surplus - iPredict
Users of the trading site think the budget will still be in deficit in 2014-15.
The Government will fail to deliver a forecast budget surplus by 2014-15, according to iPredict traders.
Users of the site predict today's budget will forecast a 2014-15 surplus of 0.75% of GDP, but in reality it will be a deficit of 0.64%.
Education, health, social development and the ombudsmen are the most likely portfolios to receive a cash injection today.
Meanwhile, cuts are being predicted in defence, transport, conservation, corrections, courts, justice, ministerial services, the national archives and library and the police.
Traders also think there is a 53% chance National will win the 2014 election, with it being 85% likely Prime Minister John Key will lead the party to victory, with Finance Minister Bill English being reappointed to his role.
Caleb Allison
Thu, 24 May 2012
Thu, 24 May 2012
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Govt won't achieve planned surplus - iPredict
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