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The ten-month Crown accounts to 30 April 2008 issued by Treasury show a recovery in the government surplus for the current fiscal year.

The net operating balance rose from $1.1 billion as at March, to $3.1 billion in the year to April 2008. At the same time in 2007, the operating balance was $6.8 billion

The OBEGAL rose from $4.6 billion to $6.0 billion over this same period, although down from the $7.0 billion a year ago.

Tax collected on interest earned for this ten month period was $2.2 billion, up +23% from the same period a year ago, and equivalent to the full twelve month tax collections in 2007.

Tags: Crown accounts, Crown surplus, OBEGAL, tax on interest

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This entry was posted on Wednesday, June 11th, 2008 at 10:55 am and is filed under Economy, Government, Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.