Government books showing signs of improvement
High electricity prices helped boost the Government’s income.
The Treasury says the year-on-year increase in government spending is the lowest since 2021.
The Government recorded an operating deficit before gains and losses and excluding ACC of $9.3 billion in the 2024-25 financial year.
The Treasury has just released the financial statements for the year which also reveal the operating balance before gains and losses (Obegal) – the measure used
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