'Encouraging': Government deficit $3b lower than Budget forecast

Home / New ZealandRNZ2 Jul, 2026 04:41 AM2 mins to readThe Government's deficit has narrowed thanks in part to a higher tax take. Photo / 123rfThe Government's deficit has narrowed thanks in part to a higher tax take. Photo / 123rfBy Gyles Beckford of RNZThe Government is set to report a significantly smaller budget deficit this year on the back of higher tax revenue and lower spending.

Treasury figures, excluding ACC finances, showed a deficit of $6.8 billion for the 11 months ended May, about

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