Surge in tax take drives higher surplus – and reflects stronger growth
All the politicians will have more to play with in the run-up to the general election of September 23.
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Government surpluses continue to run ahead of both forecasts and of the same period last year – mostly due to higher tax revenue.
True, there are slightly lower outlays – by $345 million for the 11 months to May – but all of this is impairment of debt and bad debt write-offs for tax receivables,
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Rob Hosking
Thu, 06 Jul 2017
Thu, 06 Jul 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Surge in tax take drives higher surplus – and reflects stronger growth
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