NZ government 6-mth financial statements: Deficit NZ$92 wider than forecast

New Zealand Treasury information on the government's assets and liabilities, revenue and expenses and cash flows.

• NZ 6-month budget deficit NZ$92 wider than forecast (operating balance before gains and losses (OBEGAL) was a deficit of $889 million for the six months to 31 December, $92 million higher than forecast. )
• "Overall the December results were largely in line with HYEFU expectations"

Little NZD response

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The Financial Statements record the government's financial performance and of its financial position

• They provide a comparison with the fiscal forecasts in the Economic and Fiscal Updates and with the financial statements of the previous year
• Also provide a snapshot of the progress the government has made in implementing its fiscal strategy, as set out in the Short-term Fiscal Intentions and Long-term Fiscal Objectives section of the Fiscal Strategy Report 2015