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8 Nov 2024 13:59
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  •   Home > News > Business

    The Government books have sunk further into the red

    The Government books have sunk further into the red


    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.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    Entertainment:
    Adrian Grenier is set to become a dad again 13:55

    Business:
    New Zealand's economic downturn has eaten into the Warehouse's revenue -- with the Big Red Shed taking an almost 17 million dollar hit in sales 13:47

    Law and Order:
    To the Yanfei Bao murder trail now.....and Court has gone into chambers for the second time in about an hour following the accused's attempts at cross examination 13:27

    Entertainment:
    Tom Grennan has "finally found peace" with himself 13:25

    Law and Order:
    Israel's requirement for war zone DNA tests has divided a family across the country and Gaza 13:17

    Entertainment:
    Would you be better off without your kids? Audrey is a cheeky, darkly humorous film that explores maternal regret 13:07

    International:
    These Latino and Black voters were once Democrats, but Donald Trump changed everything 13:07

    Auckland:
    A person has serious injuries following a two vehicle crash in Auckland's New Lynn this morning 13:07

    Entertainment:
    Conan O'Brien regrets being "so intense" during his time on 'Saturday Night Live' 12:55

    Environment:
    Spring-like weather means a case of four seasons in one day across New Zealand 12:47


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