Government releases ‘sobering’ numbers for past financial year
Finance Minister Nicola Willis says Government is still committed to getting back into surplus in 2027/28.
Finance Minister Nicola Willis.
A surge in government spending in the past financial year helped push up both net debt and the operating deficit before gains and losses.
In the financial statements for the 2023/24 year, the operating balance before gains and losses (obegal) recorded a deficit of $12.9 billion, which was than both
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