There is a one-off boost of just over $2 billion in the government coffers as New Zealand heads towards a general election.
But that growth is not likely to be sustained in coming years.
Finance Minister Steven Joyce, left, and Prime Minister Bill English – pictured ahead of May’s Budget. All parties will now get a fresh chance to study the National government’s books. Photo: RNZ / Alexander Robertson
The government has opened the books in the Pre-Election Fiscal Update (PREFU), so all parties can see its finances.
In this update, the operating surplus for the 2017 financial year – which finished on 30 June – is $3.7 billion compared with the $1.6bn forecast in the May Budget.
But the forecast surplus growth tails off after th…
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