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Politics
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Government's interest costs are up by more than $2 billion

Latest government financial statements show company tax is down as profits fall.

Government spending is higher than last year and so is the deficit.

Brent Edwards Thu, 04 Apr 2024

The Government’s tax revenue continues to fall below expectations on the back of a deteriorating economy.

In the eight months to the end of February core Crown tax revenue was $505 million lower than forecast in the December half-year economic and fiscal update at $78.76 billion.

The Treasury said

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Contact the Writer: brent@nbr.co.nz
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Government's interest costs are up by more than $2 billion
Politics,
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