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Financial Statements of the Government
Financial Statements of the Government of New Zealand for the Eight Months Ended 28 February 2015
The Financial Statements of the Government of New Zealand for the eight months ended 28 February 2015 were released by the Treasury today. The statements are compared against forecasts based on the Half Year Economic and Fiscal Update (HYEFU) released on 16 December 2014.
The total Crown’s operating balance before gains and losses (OBEGAL) was a deficit of $269 million in the eight-month period, $343 million lower than forecast, reflecting higher than forecast tax revenue and lower than anticipated core Crown expenses.
http://img.scoop.co.nz/media/pdfs/1504/mediafsgnz6mthdec14.pdf
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