Financial Statements of the Government of New Zealand for the eleven months ended 31 May 2013.
These financial statements are compared against forecasts based on the Budget Economic and Fiscal Update (BEFU), released on 16 May 2013.
Overall, all key indicators were better than forecast. The operating balance before gains
and losses deficit was $3.3 billion, which was $763 million lower than expected largely
owing to higher than forecast core Crown tax revenue.
Read financial statements here:
ENDS