Govt accounts unexpectedly in the black as lumpiness continues

The government’s accounts were unexpectedly in the black in the first five months of the fiscal year, as the lumpy tax take remained hard to predict. The operating balance before gains and losses was a surplus of $129 million in the five months ended Nov. 30, smaller than the $264 million surplus...

Read the full story at BusinessDesk — subscribe now: https://businessdesk.co.nz/article/govt-accounts-unexpectedly-in-the-black-as-lumpiness-continues

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June 25th Morning Report