The Government’s net worth continues to rise
Net debt as a proportion of GDP was in line with the Budget forecast.
Government spending was up $10.8b in the last fiscal year.
Brent Edwards
Thu, 05 Oct 2023
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NBR Focus: GMO
The audited accounts for the Government in the year to the end of June show a slight improvement compared with the numbers in the Pre-election Economic and Fiscal Update.
The operating surplus was $235 million higher at $5.321 billion, largely due to slightly better than expected investment gains.
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Brent Edwards
Thu, 05 Oct 2023
Contact the Writer: brent@nbr.co.nz
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