The latest Crown accounts reinforce the benefits of the Government’s careful stewardship of its finances, Finance Minister Bill English says.
The Treasury reports that the Government recorded an OBEGAL surplus of $1.2 billion in the first eleven months of the financial year that ended last week. That compares with a $1.1 billion deficit in the corresponding period last year.
The 11-month result is nearly $1 billion better than forecast in the Budget.