If there was any doubt that Robbo is a clown and it’s a total muppet show at Treasury, then conclusive proof is below -
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https://i.stuff.co.nz/business/13248...-to-disappoint
‘Government debt is now $5b above Budget forecast as accounts continue to disappoint.’
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‘The Treasury reported that the Government’s operating (Obegal) deficit for the 11 months to the end of May stood at $6.5 billion, which was $2.1b higher than the forecast it released in the Budget.
The deficit had been $1.3b behind forecast at the end of April.
The higher-than-forecast operating deficit can be entirely accounted for by tax revenues for the 11 month-period being $2.2b behind forecast, as government spending has been essentially in line with expectations.
The even larger deviation in government debt from forecast was caused by higher Crown entity borrowings compounding the tax shortfall.
The higher-than-forecast operating deficit can be entirely accounted for by tax revenues for the 11 month-period being $2.2b behind forecast, as government spending has been essentially in line with expectations.
The even larger deviation in government debt from forecast was caused by higher Crown entity borrowings compounding the tax shortfall.’