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#1 11-06-2018 07:52:48

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Date d'inscription: 07-12-2017
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The surplus

WELLINGTON Women's Nike Air Force 1 High Purple 321813-551 UK Sale , June 6 (Xinhua) -- The New Zealand government's operating deficit in the 10 months ending April dipped slightly below the forecast in the annual Budget last month, according to a New Zealand Treasury report Friday.


The operating balance before gains and losses was in deficit by 1.4 billion NZ dollars (1.19 billion U.S. dollars), which was 148 million NZ dollars (125.71 million U.S. dollars) less than expected Nike Air Force 1 Mid 07 White Black 315123-114 UK Sale , said the Treasury's Financial Statements.


Revenue of 55.5 billion NZ dollars (47.14 billion U.S. dollars) was 12 million NZ dollars (10.19 million U.S. dollars) lower than forecast, and expenses of 57.9 billion NZ dollars (49.2 billion U. S. dollars) were 90 million NZ dollars (76.44 million U.S. dollars) less than expected.


Finance Minister Bill English said the figures showed the government is on track to a "modest surplus" of 372 million NZ dollars (316.05 million U.S. dollars) next year, rising to 3.49 billion NZ dollars (2.96 billion U.S. dollars) in the 2017-2018 fiscal year.


The surplus was essential for sustaining economic growth over the medium term and for holding down interest rates Women's Nike Air Force 1 High Blue 321813-411 UK Sale , English said in a statement.


"Returning to surplus will allow us to repay debt, and give us better choices in how we support New Zealand families and households," he said.


However Nike Air Force 1 Low Blue Men's 488298-414 UK Sale , commentators are expecting the Reserve Bank of New Zealand (RBNZ) to lift the official cash rate by 25 basis points to 3.25 percent next week, and possibly again in July as it seeks to rein in inflationary pressures.

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