Govt finances take Covid hit but it could have been worse
Domestic spending has been higher than expected
Brent Edwards
Tue, 10 Nov 2020
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NBR Focus: The Accountants 2024
The government’s finances are deep in the red and debt is rising but it is not as bad as the Treasury forecast in its pre-election economic and fiscal update.
In the first three months of the financial year, the government recorded a deficit – before investment gains and losses – of $3.2
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Brent Edwards
Tue, 10 Nov 2020
Contact the Writer: brent@nbr.co.nz
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Govt finances take Covid hit but it could have been worse
Politics,
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