Government tax take down in latest Treasury update
The Treasury now expects the Government books to return to surplus in the 2027 financial year.
Finance Minister Grant Robertson said the economy continued to hold its own in an uncertain global economic environment.
The Treasury has downgraded its forecasts for the next four years, but its Pre-election Economic and Fiscal Update is not as bleak as some might have imagined.
It is not forecasting another recession and expects the economy to grow 2.6% a year on average over the forecast period. Inflation is
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