Government Finance Statistics: Year ended June 2013
Government Finance Statistics (Central Government): Year
ended June 2013
6 June 2014
In the year ended June
• Central government net operating deficit
reduced to $0.6 billion.
• Total revenue increased 4.4
• Expenses increased 0.8 percent.
borrowing fell to $2.2 billion.
• Net worth totalled
$60.6 billion at 30 June 2013.
• Total assets decreased
• Total liabilities decreased 5.4
For more information about these
statistics: Visit Government Finance Statistics (Central
Government): Year ended June
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On The Reserve Bank And Auckland Housing
The ‘crisis – what crisis?’ response by the government to the Auckland housing price bubble is no longer acceptable.
So says Reserve Bank governor Grant Spencer – who used unusually frank language in his speech and subsequent interviews yesterday to call for a capital gains tax, and to generally chastise central and local government for their inaction on a threat to the country’s economic health and financial stability.
That threat has been real for some time. The housing price bubble has already created a currency bubble... Undaunted, the government keeps calling this situation a success story. More>>