News and Opinion, sponsored by RaboPlus

The eleven month accounts published today by the Treasury show that its financial situation improved somewhat in May.

The total Crown operating balance improved from a deficit of almost $7.7 billion in April to under $7.2 billion in May, an improvement of more than $0.5 billion for the year.

OBEGAL, the operating balance excluding portfolio gains and losses, improved even more – from a deficit of $1.8 billion to $1.2 billion at the end of May.
(more…)