(Bloomberg) -- New Zealand's budget operating
surplus was NZ$380 million ($285 million) less than forecast in
the 10 months ended April 30 because of delays in tax receipts
and smaller-than-expected gains on investments.
The NZ$6.78 billion surplus compares with NZ$7.16 billion
forecast by the Treasury department in the May fiscal update.
The surplus is expected to be NZ$6.57 billion in the year ending
June 30, according to a statement e-mailed to Bloomberg.
Read more at Bloomberg Bonds News
surplus was NZ$380 million ($285 million) less than forecast in
the 10 months ended April 30 because of delays in tax receipts
and smaller-than-expected gains on investments.
The NZ$6.78 billion surplus compares with NZ$7.16 billion
forecast by the Treasury department in the May fiscal update.
The surplus is expected to be NZ$6.57 billion in the year ending
June 30, according to a statement e-mailed to Bloomberg.
Read more at Bloomberg Bonds News
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