Good news
- operating surplus before gains, losses is NZ$3.29B
- treasury December forecast NZ$2.38B surplus
- Core tax revenue NZ$1.1B more than projected
- company tax was NZ$300M more led by stronger-than-expected provisional tax assessments while GST, source deductions and customs/excise duties were all above forecast
- much of this variance can be expected to remain until year and
- net debt was 21.4% of GDP at March 31 1st forecast of 22.2%
The government will present the budget on May 17.
