The Government books have sunk further into the red
The Government books have sunk further into the red
10 October 2024
Treasury has revealed the Crown's deficit deepened by 3.4-billion-dollars in the year to this June.
It now sits at 12.9-billion-dollars.
Expenses hit 180-billion- 4.4-billion-dollars higher than forecast in the 2024 Budget, released in May.
The costs outstrip money brought in - mostly through taxes - with revenue sitting at 167-billion-dollars.
Government debt has now increased by 20-billion-dollars - and makes up 42.5 percent of GDP.
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