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Financial Statements for the nine months ended 31 March 2016
Financial Statements of the Government of New Zealand for the nine months ended 31 March 2016
The Financial Statements of the Government of New Zealand for the nine months ended 31 March 2016 were released by the Treasury today. The statements are compared against forecasts based on the 2015 Half Year Economic and Fiscal Update (HYEFU) published in December.
The operating balance before gains and losses (OBEGAL) was a surplus of $167 million for the nine months to 31 March, $334 million higher than forecast, mainly reflecting higher than forecast core Crown revenue.
The full Treasury Statement is available here
ENDS
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