sign uplog in
Want to go ad-free? Find out how, here.

Bill English and the Budget of Doom

Bill English and the Budget of Doom


Lower than forecast tax revenues and higher than forecast investment losses have dragged the budget operating balance NZ$7.7 billion into the red as Finance Minister Bill English puts the finishing touches on the 2009 budget due on May 28. The operating balance was NZ$11.1 billion worse than the Treasury forecast just eight months ago.

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.